Estate Valuations of Art, Antiques, and Jewelry, a Fiduciary's Playbook
It has been said that a typical home contains over 3,000 pieces of personal property. Often these include fine arts, antiques and jewelry of undetermined value. One of the roles a Trust & Estates attorney or fiduciary must fulfill is to ensure that the personal property in an estate is properly identified and valued for tax purposes, distribution among heirs or eventual monetization. This must be done in the most accurate, efficient and ethical manner.
Join us on November 21st as our speakers will walk participants step-by-step through the appraisal process from proposal and initial walkthrough to the issuing of a finalized appraisal. Not only will the process be outlined, but also some common misconceptions will be addressed. In addition, the speakers will discuss post-appraisal strategies in selling, donating or disposing of personal property in a manner that best serves client’s needs.
Our speakers are: Amy Parenti, and Ben Farina:
Ms. Parenti first joined Freeman’s in 2006 and spent several years as an Associate Specialist with the American Furniture, Folk & Decorative Arts department, gaining experience and knowledge about all things American including furniture, silver, folk art and decorative arts from the Colonial period through to the 21st century. , Ms. Parenti made the transition to Appraisals and Trusts & Estates in 2012 heading both departments and is experienced in appraisal report writing for estate, insurance, charitable donations purposes.
Collecting from an early age and the daughter of an antiques dealer, Ms. Parenti attended Philadelphia University’s Appraisal Study program. She has embraced the Uniform Standards of Professional Appraisal Practice (USPAP) guidelines and ensured the seamless integration of these practices into Freeman’s appraisal processes. She is an accredited member of the Appraisers Association of America (AAA). Within the Trusts & Estates Department, Amy shares her knowledge and passion with estate attorneys, accountants, wealth advisors, trust officers and related professionals with the goal of ensuring that clients are knowledgeable of the value of their personal property and assisting them in making informed decision about their collections. She is a member of several estate planning councils in the Philadelphia and New Jersey area and she is responsible for building awareness of Freeman’s auction and appraisal services. She is a resident of the Doylestown, PA where she is active in several local community groups.
Ben Farina serves as Vice President of Freeman’s and is the Department Head for Asian Arts and the Appraisal Department. From the Philadelphia area, Farina has always been interested in the Arts. He first joined Freeman’s as the Gallery Director in 1992 and is returning after more than 20 years in the field.