What is an estate appraisal?
When a property owner passes away, the fair market value of their real estate may need to be documented for probate, estate settlement, or estate planning purposes. An estate appraisal provides a written opinion of value as of a specified effective date.
In many cases a retrospective appraisal is required — an appraisal with an effective date in the past, such as the date of death. Qualified designated appraisers can prepare retrospective appraisals supported by historical market data.
Appraisal reports are prepared by qualified designated appraisers in accordance with applicable professional standards.
Who this service is for
- Estate executors and trustees
- Estate lawyers and notaries
- Beneficiaries requiring documentation of property values
- Individuals engaged in estate planning
- Accountants and tax professionals with estate matters