For example, if a couple is divorcing, consider an independent appraiser for small business stock. An appraisal, done at the time of separation, and made available to both parties, can do wonders to avoid a dispute later on. Or, let's say you are dividing real estate. No way that would hold up. But an appraisal will.
Valuations come in all shapes and sizes.
Anything can be appraised. Just think of things like patents, internet concepts, and other intangibles. Moreover, appraisers can value something quite differently, depending on WHY they are appraising it. The appraisers have certain guidelines on what questions to ask, depending on what YOU want them to accomplish. Above all, be sure your appraiser is well qualified.