Introduction

Experts in this field are valuation specialists who have focused their studies on the monetary worth of personal property. Valuation is the process of estimating the worth of an item using professional knowledge, expertise and judgement. In this case, it relates to making estimations on the value of someone’s entire collection of items and movable (non-real estate) assets.

Valuation of personal property is generally performed for the purposes of insurance, sales or trade, taxation, or curiosity. It allows for a proper understanding of the owner’s wealth and estate value, and informs proper taxation amounts. Knowing the value of their items and assets also benefits the owner in that they can then adequately protect and maintain their investments, so that their value is preserved. Valuation of personal property is often performed upon the dissolution of a marriage or other partnership. Value is a somewhat nebulous thing, but can be determined by examining the condition, age, degree of wear, and functionality (especially with collectibles such as electronics or toys) of an object.

Experts in this area come from many professional backgrounds. Many will have worked in fields specific to a particular type of object, such as art or automobiles. Some will be trained valuation experts, or perhaps have worked in valuation for an insurance company. They may also be historians focused on the historical and cultural significance of particular objects. The specific specialisation and background needed in your personal property valuation expert will be determined by the matter which requires examination.

At the bottom of this profile are brief details of a number of the experts that Expert Experts represents. Call our office to discuss your requirements and to obtain an expert submission that suits your needs and budget.

Expertise in Action

Experts in valuation as it relates to personal property can be called upon to assist in cases involving estates, taxation of complex collections, insurance matters, and many more

Sample Reports

For some fields of expertise we have some sample sections of de-identified reports. Please contact our office if you are interested in a sample.

Cost

The overall cost of expert opinion depends on the services required. Some of the key factors that affect the cost of advice include:

  • The need for a view or inspection of a location
  • The quantity of documentary material to be reviewed
  • Whether there are reports of other experts to be reviewed and commented on in detail
  • Whether there is a need for conferences with the expert either in person or by telephone/Skype
Relevant Articles Standard on Valuation of Personal Property

A comprehensive resource on how valuation is carried out on personal property.

Family Law Valuation

An article addressing valuation and family law.

Relevant Cases McDonald v O'Connor [2019] NSWSC 261 (14 March 2019)

A case involving a deceased estate, where the value of personal property was a consideration.

Mallet v Mallet [1984] HCA 21; (1984) 156 CLR 605 (10 April 1984)

A divorce case in which the value of several pieces of personal property were called into question.

Related Blog Articles
Related Area of Legal Practice Related Area of Insurance

A sample of our experts in Business - Valuation (General Personal Property)

Below are short profiles of a sample of some of the experts with expertise in this field. Not all of the experts we work with appear on our website and finding new experts for unusual or hard to find fields is our specialty.

Please contact our office to discuss your specific requirements and to obtain an expert submission that suits your needs and budget. Expert Experts are experts in finding the right expert for your needs.

Contact us at answers@expertexperts.com.au or give us a call 1300 72 66 55

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