Appraisals For Estate Tax Purposes
In many cases, an accountant will request a "date of death" valuation in order to file the final tax return and to aid in the transfer of assets from the deceased to a relative. There
are many situations where an appraisal is needed to reflect an opinion of value
of a property some time in the past, usually as of a date of death, rather than
when the appraisal is ordered. This is
done for estate tax purposes and/or disposition of the assets of the
deceased. A “date of death” valuation is
often required, however, 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, accountants, executors and others rely on Cal Pacific Appraisal Company for “date of death” valuations because such appraisals require special expertise and training. They require an experienced firm with expertise in the area to produce such type of report. 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 require and come to expect.
Attorneys, accountants, executors and others rely on Cal Pacific Appraisal Company for “date of death” valuations because such appraisals require special expertise and training. They require an experienced firm with expertise in the area to produce such type of report. 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 require and come to expect.