Estate Valuations

Estate Valuations and Appraisals

The determination of estate tax liability with respect to real estate assets often requires a real estate appraisal. In particular, settling an estate usually relies upon an appraisal to establish fair market value for the residential or commercial property involved. Often, the date of death will require a “retrospective market value.” Other times, the market value will coincide with the date of the inspection.

In addition to settling an estate, the creation of wills and trusts may involve a real estate appraisal with an opinion of the market value. For estate tax purposes or disposition of the assets of a decedent, a valuation as of the "date of death" is often required. The executor of the estate may choose to have a date that is six months or one year after the date of death or a retrospective appraisal may be required.

Real estate appraisal valuations involving estates with real property is an important aspect of Brittex Appraisal Services, Inc. Our firm deals with attorneys, accountants, and executors of wills regarding the valuation of a decedent’s real property. Brittex provides appraisal reports that conform to the requirements of the federal government, the courts, and various related agencies.

Brittex Appraisal Services also understands and utilizes the procedures and requirements necessary to perform a “retrospective appraisal” with an effective date of prior date and a market share estimate corresponding with the date of death of the decedent. The ethics provision within the Uniform Standards of Professional Appraisal Practice (USPAP) binds us with confidentiality, ensuring the fullest degree of discretion.

Attorneys, accountants, executors and others rely on Brittex Appraisal Services, Inc. for real estate valuations. Please see www.brittexusa.com/links for a list of attorneys and accountants that have used our services.