Estates / Probate

Estates and Probate

If you are settling an estate due to a transfer of ownership caused by death or inheritance, you may require a real estate appraisal for tax purposes. Often, attorneys or accountants will order an appraisal or have a family member or executor select an appraiser for the job. Estate appraisals are usually ordered between two to six months after the death of a loved one or property inheritance, although the period may vary depending on the circumstances.

Retrospective or “date of death” appraisals are common in estate settlement situations. These involve assessing a property’s value based on a previous date, typically the owner’s date of death. Additionally, a “current value” appraisal may also be required to determine the current market value of the property for sale or agreement between heirs.

Empire Appraisal Group, Inc. understands the complexities involved in assessing the value of a property in such difficult circumstances, and we have a team of certified appraisers with experience in estate and date of death valuations. Our Chief Appraiser, Daniel Lindeman, has over 20 years of experience in this field and is relied upon by numerous attorneys, accountants, and financial planners for our opinion of values during estate settlement proceedings.

If you have questions regarding your financial planning and trusts, please call us directly at 561-441-9298. We are also happy to speak with your attorney or accountant to clarify the type of appraised value required for your specific estate situation. Please check out our “Reviews” page for recommendations from our clients. For more information, visit the Florida Bar’s Probate Section.

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