Date of Death Valuations
When a loved one dies, it is often hard to think about anything other than simple grief and mourning. Whether it is a sudden death or not, the fact of the matter is that the passing of a loved one is a life-altering event that can take a long time to overcome. However, when the shock and immediate sense of grief has passed, it is important that the estate of the deceased family member or friend is settled correctly.
For estate tax purposes or the disposition of the assets of a descendent, a ‘date of death’ valuation is often required. Unfortunately, from time to time, it is possible that an appraisal of a property or estate will need to be taken from a date in the past rather than the date when the appraisal was ordered. The reasons for this are often complex and wide-ranging but the simple fact of the matter is that the very same appraisal principles apply.
At Eagle Appraisals, we take immense pride in the service we offer and this definitely extends to ‘date of death’ valuations. Attorneys, accountants and executors regularly rely on our ‘date of death’ valuations because of the specialized expertise we offer. Our certified approach to what we do combined with our qualified training means that others can rest assured that they will receive a tried and trusted service. Our experience means that we can effectively research comparable contemporaneous sales to provide superior results.
Professional Property Appraisal
The simple fact of the matter is that when it comes to valuations, real estate and property is not the same as publicly traded stock. If you want a professional appraisal service that will exercise the greatest degree of confidentiality resulting in a high-quality report, you need to call us today. Knowing how important this report is for the purposes of tax authorities, you really can’t take chances with inferior appraisal services.
Why Date of Death of Valuation is Important
When a family member, friend or loved one dies, his or her estate must pass through a legal process known as probate. During probate the assets of an individual or family are inventoried. In general, property is usually easy to value. The most important thing to remember is that you need to invest in a certified appraiser to provide an accurate value.
As mentioned earlier, one very important thing to remember in this process is that you should look for the value of the date of death and not today’s date. Our dedicated and detailed appraisal and analysis will take all the relevant details into account to make sure that the valuation you receive is as accurate as possible.
Contact Us Today
At Eagle Appraisals we are passionate about what we do. For us, the death of a loved one is a very stressful time that doesn’t need to be made any more challenging by inferior valuation work when it comes time to determine their estate. That is why when you select us, you can rest assured that you will receive the best possible service.