Trust, Probate & Estate Appraisal Services

Domus Appraisals has more than 40 years of experience providing estate appraisals, probate appraisals, and trust appraisals. Real estate appraisal services and personal property appraisals are needed for both tax planning purposes prior to a property owner’s death, and for settling the estate after death. An estate, probate, or trust appraisal can be requested by: the executor/ administrators, attorneys, accountants, and trustees.

Reasons for Trust, Probate & Estate Appraisals:

  • Federal and State Estate Tax Returns
  • Establishing a Basis for Capital Gains
  • Sale to a Relative or non-Relative
  • Trust Planning
  • Pre-listing (determine offering price)
  • Gift Tax Returns
  • Partitioning of Estate
  • Discounting Partial Interests
  • Probate Matters
  • ‘Buyout’ of an Heir or Beneficiary

Settling an estate or forming a trust can both be complex tasks. Determining the value of property associated with an estate or trust is an important part of the process. The value needed in a estate appraisals, probate appraisals, or trust appraisals may be the property’s current market value or the property’s (retrospective) value as of a specific prior date (date of deceased, etc.) An appraisal is typically used to set the tax basis for the property. This could be associated with determining the capital gains to be paid or to calculate the assets of the estate for inheritance taxes.

When a residential or commercial property is owned by an estate or trust, it’s not uncommon for it to be sold to a family member, a neighbor, or friend. Knowing the market value of the property is vital if determining the asking price, beginning the negotiations for a private sale, or for ‘buying out’ another beneficiary or heir.

No matter what you may need estate, a probate, or trust appraisals for, any attorney or accountant will recommend finding an experienced, qualified appraiser that is familiar with handling appraisals for estate, probate, and trust purposes.