Focal Point provides thoughtful and adaptive attention to the unique and detailed needs of each client coupled with rigorous research standards and clearly communicated valuation findings that are compliant to USPAP methodology and standards. We recognize that appraisals are a part of larger collection and asset management processes. We work collaboratively with legal, accounting, and insurance professionals as well as directly with individual and institutional clients.
Charitable Donation
Appraisals are essential for gifts-in-kind and for donations of certified cultural property to registered charities.An accurate gift tax appraisal assists in the donation decision-making process and in maximizing tax benefits. We provide appraisal reports that adhere to the guidelines of the Canadian Cultural Property Export Review Board (CCPERB).
Estate Taxes & Asset Management
Knowing the value of art assets is critical for estate planning and navigating estate administration taxes. In downsizing, liquidating, or entering purchase/selling negotiations, appraisals provide clear determinations of value to act with confidence. We provide thorough, accurate, and objective appraisals for the management and planning of financial portfolios.
Equitable Division
We provide accurate appraisals for impartial, fair, and equitable division of property in cases of estate distribution, divorce settlements, partnership dissolution, or bankruptcy that adhere to jurisdictional laws and are prepared for a court of law.
Insurance
Appraisals ensure that art assets are accompanied by the right documentation necessary for insurance coverage and claims. We provide appraisals specifically tailored for insurance purposes to minimize the risk of not receiving the full value for assets while ensuring fair coverage. As values change, appraisal reports should be updated every 3-5 years to ensure continued proper coverage.