Estate and Date of Death Appraisals
Estate Settlement and Date of Death Appraisals for Executors and Trustees
The loss of a loved one brings grief, but also complicated legal and financial process that many people are not prepared for. To navigate through the process, finding an appraiser like SF Bay Appraisal who understands your situation, as well as local legislation and federal regulations is critical for achieving the smoothest settlement possible.
What are Estate Settlement Appraisals?
Typically, estate settlements require the assistance of attorneys and accountants. A piece of the settlement requires assessing property values through an appraiser. Therefore, estate settlement appraisals are necessary for property inheritance and tax purposes. Through our experience with estate settlement, our appraisal firm has vast experience collaborating with attorneys and financial consultants around the East Bay and surrounding communities.
As for the appraisals themselves, our firm can help determine retrospective appraisals and current value appraisals. Retrospective appraisals involve valuing an estate based on a prior date, typically the owner’s date of death. Therefore, estate appraisals may often include date of death appraisals. However, current value appraisals are also often requested to determine property value based on present-day factors.
The sooner the appraisal is performed, the better. It may seem crass to tally up the estate in the wake of someone passing, but there are many eyes circling above to get a bite of the estate. The IRS, State of California, tax collectors, lawyers, debtors, and some family members want to know their portion. Grieve, heal, but also have professionals help you with the process as much as possible to relieve your burden in trying times.
At SF Bay Appraisal, we are proud to offer expert real estate appraisal services for a variety of properties. Our team of experienced appraisers has a deep understanding of the local real estate market and the factors that can impact property values. We specialize in providing accurate and reliable appraisals for residential and commercial properties, including single-family homes, multi-family properties, office buildings, retail spaces, and more. Contact us today to schedule an appraisal and experience the SF Bay Appraisal difference.