Estate Planning &
Date of Death Appraisal
A licensed real estate appraiser usually completes an appraisal assignment for tax and estate purposes. An appraisal is done to determine the Fair Market Value of the residential property that is part of the estate. The estate executor or a family member will usually order the appraisal. The attorney or accountant involved in the settlement may also order the appraisal.
An appraisal ordered for probate or estate purposes can be either a retrospective or current appraisal. Although the retrospective appraisal is done after the date that the deceased died, the appraised value of the property is considered retrospective. A second appraisal may be ordered for the same property, but the appraised value will take effect as of the current date to determine the property’s value.
Every estate is unique and each estate will require a different type of appraisal. Your attorney or accountant will need to determine the appropriate value depending on your estate’s particular needs. A qualified attorney or accountant can help you determine the appropriate value for your estate. We are happy to meet with your attorney or accountant to help you determine the best value for your situation.
The process of settling an estate is an important job but it can be a stressful process. Our team at Blue Bird Appraisals. understands the complexities involved with appraising residential property that is part of an estate and we promise to always provide you with the best possible service and experience. Please contact us today to schedule your appraisal.