What is Probate?

Probate is a legal process through which a person’s assets are accounted for, identified, and distributed upon death. During probate, a judge reviews the deceased individual’s will (if one exists) to ensure it follows legal requirements. The judge also oversees the distribution of assets according to the provisions of the will or state law if there is no will. This can include personal property, real property, and other assets such as bank accounts or investments. Depending on the complexity of the estate, it is possible that probate could take several months or even years to complete.

What are Probate Appraisals?

When settling an estate during probate proceedings, certain assets must be valued in order to determine how they should be distributed among heirs or creditors. Probate appraisals are essential for this purpose. A probate appraisal is conducted by an expert who evaluates items such as real property (land and buildings), collectibles (artwork, jewelry, vehicles), business interests (stocks), and other investments/assets owned by the decedent prior to death. The appraiser will establish an accurate market value based on current market conditions so that beneficiaries can receive their fair share upon settlement of the estate. Please note that Alpha Appraisal only performs real estate appraisal.

What Are Retrospective Appraisals?

Retrospective appraisals may also be required in certain cases when settling an estate during probate proceedings in Lake Forest, WA. Retrospective appraisals are similar to probate appraisals but are used when determining values from a specific date in history rather than current market conditions. This could include valuations from when gifts were received by heirs during life or any other date specified by court order or needs related to lost profits due to wrongful death actions taken against a decedent’s former employer after his/her death. Retrospective appraisals use historical data points as well as estimates regarding what would have been likely at various times throughout history in order to properly value items according to court orders or other regulations surrounding wrongful death suits related to employment matters in Lake Forest, WA.

Why Hire Alpha Appraisal?

Alpha Appraisal has extensive experience providing both probate appraisal services as well as retrospective appraisal services for estates being settled in Lake Forest, WA. Our team consists of qualified experts with detailed knowledge of valuation methods appropriate for settling estates including those located in Lake Forest,WA and elsewhere throughout Washington State . We understand that every case is unique; therefore we customize our approach based on each individual situation while adhering to all legal requirements relevant to these types of cases . At Alpha Appraisal , we prioritize accuracy and comply with all industry standards ensuring that your case receives proper attention from start-to-finish . Our staff understands how emotional this process can be for those involved - we strive to provide exceptional customer service throughout our professional relationship with you . We bring decades of experience combined with current technology advancements so you know that you are working with reliable professionals who stay up-to-date with industry developments . Ultimately our goal is provide peace-of mind throughout your entire process - contact us today for more information!