LLOYDS OF MEMPHIS, LLC
Estate Sales - Appraisals - Consignments - Consultant
We offer a variety of types of appraisal services. All appraisals meet the current standards and ethics of USPAP which is the governmental requirement for appraisal practices. Mr. Finch recently completed classes with the New York University and an update of USPAP in August, 2014. Mr. Finch is a member of the Appraisers Association of America located in New York, NY. He has often attended the yearly
national conventions of the AAA to stay abreast of the changing trends and laws on valuation services. USPAP is the Universal Standards of Professional Appraisal Practice and incorporates all the ethics, methodologies, and regulations of an appraisal practice service.
ESTATE APPRAISALS: An estate appraisal is usually performed after the death of an individual to give the executor of the estate a value of the personal property of the deceased. The appraisal may be used for tax purposes or just as a way to equitably divide the estate among the heirs. This type of appraisal is usually valued at fair market value which basically is the price one would find at an estate sale.
EQUITABLE DISTRIBUTION: This type of appraisal is also valued at fair market value; however, this appraisal is used by individuals who are seeking a divorce. Divorce attorneys use these services often. Sometimes in this type of appraisal, the appraiser must testify in court hearings during the divorce.
USPAP 2016 CERTIFED