Actual Cash Value /Fair Market Value Appraisals
For Bankruptcy, Divorces or Estate Sales, many legal professionals especially Family Law Attorneys, Probate Lawyers, Estate Attorneys, Bankruptcy Attorneys, and Tax Attorneys depend on our IACP Certified Appraisals to help them establish the true market value of their client’s assets in a court ordered legal case. Our appraisals are recognized nationwide in Federal, State, Probate, Surrogate, Civil, and Small claims courts. Our client’s successful outcomes are credited to our fast, accurate and pertinent legal documentation skills. Let Ag Equipment Appraisers assist your legal department with our certified IACP appraisals today!
Pre-Purchase Inspections
Did you see some Farming or Ranching Equipment that you want to buy on an e-bay auction, dealer website, or new or used lot? Before you buy your next piece of equipment, have an independent inspection completed by one of our IACP certified appraisers. Most equipment dealers are reputable, but for the most part, they will take advantage of you with the “as is sale” clause over the value of the customer which leads to your vulnerability of not making an informed buying decision. It could even put you in debt as being your only source of transportation. Our buyer’s services division will perform a full inspection of your prospective piece of equipment and inform you of the condition and mechanical integrity. Smiling faces tell lies! So be informed before you buy. Buy Smart!
Expert Witness
Ag Equipment Appraisers prides itself as a knowledgeable and experienced expert in everything associated with the Machinery world. We thoroughly research and prepare our cases when called upon to give Expert Witness testimony. We have served many law firms whose clients were involved with dissolution, probate, bankruptcy and actual cash value. Our expert witness fees may vary but our standard rate is $750.00 per hour with a two hour minimum plus travel expenses.
Arbitration / Mediation Services
Binding arbitration is the practice of settling equipment value disputes with a Neutral Judge, Arbitrator, Referee or Umpire. Most insurance policies call for arbitration as the final step in the appraisal clause to eliminate having to go to civil court. If the two opposing parties cannot agree on a Fair Market Value of the subject vehicle through negotiations, arbitration is normally advised. Arbitrations can be very time consuming and usually can take anywhere from 1-6 weeks depending on schedules. Ag Equipment Appraisers arbitration fees may vary, but the standard expenses range from $500-$2,500 based on the complexity of the case and Judge, Arbitrator, Referee or Umpire used.
IRS Tax Form 8283 / Noncash Charitable Contributions
If you claimed a total deduction of over US $500.00 for all contributed property for the tax year to your favorite charity, nonprofit organization, church, etc., the tax payer must complete and attach to your tax return IRS Form 8283. If any single or group of similar gifts is valued at over US $5,000.00, you must contact Ag Equipment Appraisers to complete Part I & III; Declaration of Appraiser form 8283.