Here are a few common reasons why people need appraisals:

Death (Probate) 

This appraisal may be necessary for tax purposes and is useful for distribution, and estate planning. You will need to consider and include all of your assets – including personal property.

Charitable Contribution

This appraisal may be necessary for tax purposes and is useful for distribution. Charitable contribution - recent changes in the tax laws require appraisals c“by expert appraisers” on certain charitable contributions; institutions may require an appraisal before they accept the donation. http://www.irs.gov/pub/irs-pdf/i8283.pdf  You should consult your tax advisor if you are considering making a charitable donation divorce or annulment - An appraisal ensures the equitable distribution of your property. Talk to your attorney about having a joint valuation done on your marital property. 

Insurance Appraisals

You may need an insurance appraisal for one of the following reasons: including, damage, theft or destruction. You maybe moving and want providing your moving company with an inventory appraisal before the move is a good thing. This may be on all items or selected items. Alternatively, if you own antiques or other valuable objects, the moving company may insist upon an appraisal.  You have moved but neglected to have the contents appraised before the move and now there are damages. You now need an appraisal for insurance loss.You want to ensure that the contents of your home will be adequately covered from fire, flood or theft; or you have a special antique or other item which needs to be placed on an insurance rider.  Your items were damaged while in a storage facility. You need an appraisal for insurance loss. 
 

Liquidation

Orderly Liquidation - refers to selling in an orderly manner with very little or no time restraints.

Forced Liquidation - requires the person to sell within short time constraints.