How to Inventory and Assign Value to Estate Personal Property

There is an old saying that goes: What is the best way to eat an elephant? One bite at a time! Personal property is the elephant of an estate. It is the responsibility that can take up most of your time, and it provides the estate with the least amount of money for the effort […]

Avoid Surprises When Your Restaurant Equipment Is Appraised

Appraising restaurant equipment often begs the question of which equipment is personal property – and should be valued for the purposes of the appraisal – or real property — as in, part of the real estate. While most folks have never considered whether a walk-in cooler, for example, is equipment or real estate, that’s a […]

Could the Great Chicago Fire Been Prevented?

Nearly 300 deaths More than 2,000 acres 17,500 buildings 73 miles of road 90,000 left homeless $ 222,000 in damage The destruction of between two and three million books from private library collections What do these have numbers have in common? If you answered the Great Chicago Fire of October 1893, you would be correct. […]