Date of death valuations (also known as an Appraisal)
Estate Tax Liability. Disposition of assets under a will or trust. There are many situations -- none of them lacking stress and complexity -- where you might need an appraisal of property that states an opinion of what the property was worth on a date some time ago, rather than when the appraisal is ordered. For estate tax purposes or disposition of the assets of a decedent, a "date of death" valuation is often required. (Sometimes, the executor of the estate may choose to have the date be six months after the date of death -- but the same principles apply.)
Attorneys, financial planners, fiduciaries, accountants, trustees, executors and others rely on our appraisers at Residential Appraisal OC for "date of death" valuations because such appraisals require special expertise and training. They require an appraiser that's been in the area for some time and can effectively research comparable contemporaneous sales. These are also known as Retrospective Appraisals.
Real property isn't like publicly traded stock or other items which don't fluctuate in value very much or for which historical public data is available. You need a professional real estate appraiser, bound by the Uniform Standards of Professional Appraisal Practice (USPAP) for a high degree of confidentiality and professionalism, and you need the kind of quality report and work product taxing authorities and courts need and expect.
With our decades of experience you can trust us to provide you with a professional, credible appraisal report in a timely manner. Please browse our website to learn more about our qualifications, expertise and services offered and then contact us by telephone, text or email. Thank you for your interest. Call (949) 650-8973 or Call or Text (714) 307-2401
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