Estate Planning & Date of Death

Estate and Date Of Death Appraisal Service Orange County

With our experience, we will provide the most stress free appraisal possible. We’ll even speak with your attorney or accountant for you to discuss special circumstances.
When it comes to settling an estate, most people don’t know very much about the steps involved until they have to take them themselves.

Why is a Date of Death Appraisal Required?

More importantly, this type of appraisal is required for tax purposes. The appraisal is essentially used to establish whether a federal estate tax return is payable to the IRS, and the amount of estate tax, if one is owed. In other words, this value amount may be important for estate settlement and tax implications. These types of appraisal reports must be IRS compliant and our Group has all the knowledge and experience to get this job done right in the most accurate and professional manner.

Date of Death and Estate Appraisals

The settlement of an estate is one of those things that most people understand little about until they go through the experience. We hope to offer you a bit of insight below into the process of estate settlement as it relates to real estate appraisals.

When an estate transfers ownership due to death or inheritance, it is extremely common for a real estate appraisal to be ordered for estate tax purposes. Most of the time during the settlement process, either an attorney or a tax professional will order an appraisal or have a family member or executor select an appraiser for the job.

Our experience tells us that estate appraisals are typically ordered from 2-6 months after the date of death of a loved one or inheritance of real property. Occasionally, an appraisal is ordered immediately and other times the time period may be as long as a year or more depending on the particular situation.

Retrospective appraisals are also common in estate settlement situations. This will involve appraising the home based on a ‘prior date’ which is typically the owner’s date of death. This is the reason estate appraisals are often referred to as ‘date of death’ appraisals.

In addition to a retrospective, or date of death, appraisal during the process, often times the client ordering the appraisal will also request a ‘current value’ appraisal to establish current market value for the sale or settlement between beneficiaries.

Regardless of your needs or timing issues, our certified real estate appraisers at Appraisal911 Group understand the complexities involved in determining the value of a property under these circumstances and we’ll provide you with the most accurate report in the shortest amount of time along with our best customer service.

Remember, every estate situation is unique and the type of appraised value required depends on the individual needs of the estate. A good attorney or accountant can easily help you determine the type of value needed. We are happy to speak with your attorney or tax professional to clarify what’s required for your particular situation.

Our certified real estate appraisers have many years of experience in dealing with estate and date of death valuations. A large number of attorneys, accountants, financial planners and tax professionals have come to rely on knowledgeable certified appraisers of Appraisal911 Group for our opinion when formulating real property values during estate settlement proceedings.

Call us today with any questions you might have or to get a quick quote and a turn around time for your project. Also, you may go to “order appraisal now” (no payment is due at this time), fill out order form and we will call you shortly with details about your order.

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