Estate appraisals, also known as probate appraisals or retrospective appraisals, are an essential aspect of the probate process. They are used to determine the value of a deceased person's assets for the purpose of distributing them fairly and accurately among the beneficiaries. However, the process of getting an accurate appraisal can be complex and confusing, especially for those who are not familiar with the process.

Probate appraisals are conducted to determine the value of a deceased person's assets for the purpose of settling the estate and distributing the assets to the beneficiaries. It is necessary in order to file the estate tax return, and to make sure that the beneficiaries are getting their fair share of the assets.

Retrospective appraisals, also known as date-of-death appraisals, are used to determine the value of a property or asset as of the date of the decedent's death. This is important because the value of the asset can change over time, and it's necessary to know the value at the time of death to ensure that the estate is distributed fairly.

Estate appraisal, also know as probate appraisals, is the process of estimating the value of the assets of a deceased person, typically for the purpose of settling an estate and distributing the assets among the beneficiaries.

To prepare for an estate appraisal, it's important to provide the appraiser with all the information they need to complete an accurate estimate of the value of the assets. This may include information about the condition of the property, any upgrades or improvements that have been made, and any unique features of the property that may increase its value. Additionally, it's important to provide the appraiser with access to all areas of the property, including the attic, basement, and any outbuildings.

When it comes to finding the right appraiser for your needs, it's important to choose an appraiser who is licensed and has experience appraising estate property. It's also a good idea to ask for references from past clients and to check the appraiser's credentials with the relevant professional organizations.

In conclusion, estate appraisals are an essential aspect of the probate process, and can help ensure that a deceased person's assets are distributed fairly and accurately. By understanding the different types of appraisals, how to prepare for an appraisal and how to find the right appraiser, you can ensure that you're getting an accurate and fair estimate of the value of the assets for the probate process. It's important to remember that probate, retrospective, and estate appraisals are all different names for the same process, and they all have the same goal: to determine the value of a deceased person's assets as of the date of death for the purpose of settling the estate and distributing the assets to the beneficiaries. By understanding the difference between these terms, and by being prepared with the necessary information and by finding the right appraiser, you can ensure that the probate process goes as smoothly as possible.

We can help you get a fair valuation on your estate appraisal. Book an appointment with us today.