"I am an attorney, trust officer, or financial advisor."--why is this on Heritage's "
Longacre
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I was taking a look at the rare book section of the Heritage site, in particular the section about getting free appraisals. It seems that my mother-in-law's father collected first editions of books, and as strange as it sounds, he prefered a genre that is known as "literary erotica". I don't even want to ask why.
I don't want to get involved, but she is going back and forth about selling the books. She mentioned something about just putting them up on Abe Books. I decided to check out the Heritage site, and they have a free appraisal section.
I was intrigued, however, that as part of the information requested, there was a little box that you need to check that says, "I am an attorney, trust officer, or financial advisor." I was curious why this information was requested, in particular with an appraisal. I assume that it is to ensure the appraisal is not relied on as part of a litigation or something, but I am not sure. I also did not check the coin section to see if there was the same question. Does anyone have any thoughts?
I don't want to get involved, but she is going back and forth about selling the books. She mentioned something about just putting them up on Abe Books. I decided to check out the Heritage site, and they have a free appraisal section.
I was intrigued, however, that as part of the information requested, there was a little box that you need to check that says, "I am an attorney, trust officer, or financial advisor." I was curious why this information was requested, in particular with an appraisal. I assume that it is to ensure the appraisal is not relied on as part of a litigation or something, but I am not sure. I also did not check the coin section to see if there was the same question. Does anyone have any thoughts?
Always took candy from strangers
Didn't wanna get me no trade
Never want to be like papa
Working for the boss every night and day
--"Happy", by the Rolling Stones (1972)
Didn't wanna get me no trade
Never want to be like papa
Working for the boss every night and day
--"Happy", by the Rolling Stones (1972)
0
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My #1 Low Ball Peace Dollar Set
<< <i>Why don't you ask Heritage? >>
Maybe he thinks he will get a more honest and unbiased answer here.
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<< <i>Why don't you ask Heritage? >>
My #1 Low Ball Peace Dollar Set
First, because Trust Officers, Attorneys, Executors and other Fiduciaries involved with tangible property in an estate or probate situation, require special services that are provided through our Trusts and Estates Group that normal collectors would not require such as qualified IRS appraisals. For example, Executors and Fiduciaries needing appraisals for estate, income or donation purposes, cannot use a free verbal appraisal; they require an "IRS qualified appraisal” which is a complicated written, notarized document that needs to meet a lot of regulations.
Second, we also like to identify T&E professionals because they are a potential source of repeat business for our T&E department (as opposed to one-time, individual consignors). We recently started a specialized newsletter for T&E professionals that includes articles covering taxation and legislative issues as well as other relevant information that affect collectibles and other tangible assets.
Partner / Executive VP
Heritage Auctions
Not really, just thought it sounded good. The previous answers are aligned with the reality of it. They need to know if they are dealing with a third party who might be conducting an orderly estate liquidation or doing planning for such as opposed to a collector.
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