The firm frequently supports estate attorneys, fiduciaries, trustees, executors and wealth advisors as they navigate significant jewelry collections and assets, providing clarity before important decisions are made. “Replacement value, fair market value, resale value and liquidation value are not interchangeable,” Cavanaugh explains. This distinction is particularly relevant in estate settlement, probate proceedings, divorce, equitable distribution and philanthropic giving, where valuation methodology directly influences financial decisions. At the same time, jewelry operates at the intersection of financial value and personal significance. As trillions of dollars continue moving between generations over the coming decades, Cavanaugh believes estate planning will increasingly require advisors to look beyond traditional financial assets.