Probate & Estate Settlement Process

The probate process is a legal procedure that helps ensure that the deceased’s assets are distributed according to their wishes. This includes transferring title from the decedent to his or her heirs or beneficiaries. During the process, creditors must be paid and taxes must be collected before assets are transferred. In order for this to happen accurately, all assets within the estate must be accurately valued by an accredited professional appraiser.

Date of Death Appraisal

A Date of Death appraisal is an assessment of the value of an estate on the date that the decedent passed away. This type of appraisal gives a snapshot of what the value was at that exact moment in time and allows for an accurate transfer of assets from one party to another without any discrepancies over value or ownership rights. The Date of Death valuation should include all real property, personal property, and business interests owned by the decedent as well as any other tangible or intangible items that may have been part of their estate at that time.

Retrospective Appraisal

When it comes to probating an estate with real property in Kirkland, a retrospective appraisal can also be useful in some cases. A retrospective appraisal provides an opinion on what value would have been assigned to certain properties had they been appraised prior to being owned by the decedent. It’s important because it allows beneficiaries who inherited properties from a deceased relative or friend to know exactly what they would have been worth when they were originally purchased by the decedent—which can help them better determine how much will be owed in taxes during this process. Alpha Appraisal has experience helping clients with both date of death appraisals and retrospective appraisals during probate proceedings in Kirkland and surrounding areas.

Alpha Appraisal has years of experience performing date-of-death and retrospective appraisals for clients going through probate proceedings in Kirkland and beyond. Our team is dedicated to providing accurate valuations so you can make sure your family's assets are distributed according to your loved one's wishes without any discrepancies over ownership rights or values assigned during this process. Contact us today if you need help understanding more about how we can assist with appraising real property during probate proceedings.