In 2018, The Appraisal Foundation published A Bridge from USPAP to IVS. Targeted primarily to appraisers already familiar with USPAP, it’s an invaluable and concise resource for producing appraisals in compliance with International Valuation Standards (IVS). The introduction reminds readers that the standards are “more similar than different:” Many differences in the standards are superficial…Read More
Appraisal Review Rebuttal Report for Business Litigation: Shareholder Dispute
In business litigation, accurate machinery and equipment valuations supported by evidence and logic are crucial, particularly in cases involving complex shareholder disputes over machinery, equipment, or other business assets. Whether for partnership disputes or buyouts, equipment valuations are expected to provide information needed to determine fair financial outcomes. In many cases, however, machinery and equipment…Read More
Jack Young Named American Society of Appraisers “2021–2022 Appraiser of the Year”
The American Society of Appraisers awarded its 2021–2022 Appraiser of the Year recognition to Jack Young, CPA, ASA Machinery and Equipment and Appraisal Review, and Carol Akers Klug, MBA, ASA Business Valuation. ASA International President David Crick presented the awards at the Association’s 2021 International Conference in Las Vegas. Each year, this award recognizes two…Read More
Appraisal Review Standard of Care for Attorneys
The Association of Certified Family Law Specialists published this article in their journal’s Summer 2021 ACFLS Family Law Specialist. Appraisal review is, first and foremost, a standardized process that provides guidelines for assessing the overall quality of an appraisal relative to applicable standards, while concurrently addressing the degree to which that appraisal is credible, logical, and…Read More
Risk Management with Appraisal Review
ASA Newsroom recently interviewed me about “Managing Risk with Appraisal Review,” a topic I addressed in a recent article published in the ASA ARM E-Journal™. The interview touches on the critically important role appraisal review and expert rebuttal contributes to risk management and mitigation for many clients/users of appraisal services, including attorneys, bankers & lessors,…Read More
Appraisal Review Risks and Rewards
The American Society of Appraisers recently posted an excellent discussion of appraisal review practice by our ARM colleague Mark Penny, ASA, ARM-BV, BV-IA. Mark’s article is primarily for appraisers who perform review work or are interested in doing so. It’s also an interesting read for those who might need an appraisal review. Lawyers often need…Read More
15 Most Common Appraisal Report Mistakes
Appraisal review isn’t just for appraisers. While attorneys and CPAs may be best served by hiring a trained reviewer for questionable appraisals, they can do an initial pass using a quick checklist of a handful of common appraisal report mistakes. We discuss these errors in great detail in the ARM accreditation classes offered by ASA…Read More
Family Law & Litigation Q&A in Healdsburg, May 21, 2018
We’re hosting a Q&A about equipment appraisals for litigation and family law in Healdsburg on Monday, May 21, 2018. If you’re in the area, we hope you’ll join us. For more information or to register for the event, click here Please visit our Attorney Support page to learn more about our services for the legal community….Read More
6 Tips for Divorces with Equipment Appraisals
Divorce is never easy. If your divorce involves a business, it’s even more complex. We’ve worked with many attorneys and business owners to provide appraisals for divorces, some more amiable than others. One thing that all of these situations have in common is that by the time our appraisal firm is called in, the divorce…Read More
Equipment Fire Loss: Compiling a List for Insurance Claims
Compiling a List for Insurance Claims Devastating fires in the Napa, Sonoma and Santa Rosa areas have burned thousands of homes, businesses, and other structures. In the wake of the damage, fire loss claims are inevitable. It’s not always an easy process to assess what’s been lost, especially in the midst of sometimes overwhelming grief…Read More
Wildland Fire Litigation Conference: A Report
Several years ago while serving as equipment appraisal expert witness for the Ophir Fire, I discovered the Wildland Fire Litigation Conference and put it on my appraisal bucket list. Just this year, my schedule finally allowed me to attend the conference. In the intervening years, I’ve done many equipment appraisals related to insurance loss claims,…Read More
Case Studies: Food Processing Equipment
Food and beverage processing equipment isn’t like the equipment in other manufacturing plants. Lubrication is different. Sanitation is on-going. And usage cycles vary — not only from facility to facility, but often within individual facilities, often depending on the agricultural cycle. And awareness of equipment usage cycles is essential for an accurate appraisal. Why? Usage…Read More