Trust Administration

 

If you are administering a trust, it is good to obtain an appraisal for trust administration purposes. There are several reasons why you may want to do this:

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1. To determine the value of the property for estate tax purposes. If the property is a significant asset in the trust, it may be subject to estate taxes. A professional appraisal can help determine the value of the property for tax purposes.

2. To determine the value of the property for distribution purposes. If the trust requires the property to be distributed to beneficiaries, a professional appraisal can help determine the value of the property for distribution purposes.

3. To determine the value of the property for sale purposes. If the trust requires the property to be sold, a professional appraisal can help determine the market value of the property.

 

Date of Death Appraisal

 

A date of death appraisal is an evaluation of the value of a property as of the date of the owner's death. This type of appraisal is typically needed for estate planning or probate purposes. It is used to determine the value of the property for tax and inheritance purposes, and may be required by the Internal Revenue Service or other government agencies. The appraiser will consider various factors, such as the location, size, and condition of the property, as well as market conditions and comparable sales data, to determine the value of the property on the date of the owner's death.

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We have extensive experience doing these types of appraisals and are aware of how difficult the situation can be. Please contact us at sdappraiser@gmail.com or 858-344-8322 with any questions or concerns you may have.