profile picture

English Spanish

leftEstate Valuations

 

Estate Valuations and Appraisals

The determination of estate tax liability with respect to real estate assets often requires a real estate appraisal. In particular, settling an estate usually relies upon an appraisal to establish fair market value for the residential or commercial property involved. Often, the date of death will require a “retrospective market value.” Other times, the market value will coincide with the date of the inspection.

In addition to settling an estate, the creation of wills and trusts may involve a real estate appraisal with an opinion of the market value. For estate tax purposes or disposition of the assets of a decedent, a valuation as of the "date of death" is often required. The executor of the estate may choose to have a date that is six months or one year after the date of death or a retrospective appraisal may be required.

Real estate appraisal valuations involving estates with real property is an important aspect of Brittex Appraisal Services, Inc. Our firm deals with attorneys, accountants, and executors of wills regarding the valuation of a decedent’s real property. Brittex provides appraisal reports that conform to the requirements of the federal government, the courts, and various related agencies.

Brittex Appraisal Services also understands and utilizes the procedures and requirements necessary to perform a “retrospective appraisal” with an effective date of prior date and a market share estimate corresponding with the date of death of the decedent. The ethics provision within the Uniform Standards of Professional Appraisal Practice (USPAP) binds us with confidentiality, ensuring the fullest degree of discretion.

Attorneys, accountants, executors and others rely on Brittex Appraisal Services, Inc. for real estate valuations. Please see www.brittexusa.com/links for a list of attorneys and accountants that have used our services.

MSNBC News Headlines:
 
When Trump Doesn"t Want to Decide, He Punts to Congress
10/21/2017 1:32 PM
Donald Trump campaigned on his strength as an executive decision-maker. But lately, he"s been kicking tricky issues to Congress...Read More
 
Astros Beat Yankees, Will Face Dodgers in World Series
10/21/2017 10:41 PM
The Houston Astros beat the New York Yankees 4-0 to advance to the World Series, where they will face the Los Angeles Dodgers...Read More
 
Former Presidents Call for Unity at Hurricane Aid Concert
10/21/2017 9:51 PM
Five former presidents attended a hurricane relief concert and President Donald Trump delivered a video message in Texas Saturday...Read More
 
In the Heart of America, K-Pop Thrives
10/18/2017 6:19 PM
Kpop Dallas, a Korean pop music fan group in Texas, has grown to number in the thousands and helps organize concerts, festivals, and events...Read More
 
Richard Branson Reveals Virgin Galactic Launch Plans
10/20/2017 2:54 PM
The company"s first astronauts could go into space "in about four months....Read More
 
Generation ISIS: The Children Taught Terrorism in Math Class
10/21/2017 4:26 AM
Families grapple with the effect the ISIS school system has had on their children and the reality of what could be a generation of radicals...Read More
 
Trump to Allow Classified "JFK Files" to Be Released
10/21/2017 10:17 AM
Trump tweeted Saturday that he plans to allow the release of classified files related to President John F. Kennedy"s assassination in 1963...Read More
 
Funeral Held for Sgt. La David Johnson, Soldier Killed in Niger
10/21/2017 5:07 PM
Mourners remembered not only La David Johnson Saturday but others killed in a Niger ambush. President Trump"s call to the family became a source of controversy...Read More
 
Tampa Police Hunt Killer After Three Eerily Similar Murders
10/21/2017 12:48 PM
Police are urging residents in Tampa"s Semionle Heights neighborhood to remain vigilant after three were killed there in less than two weeks...Read More
 
U.S. Relatives Mourn Victims of Somalia Truck Bomb Attack
10/21/2017 9:34 PM
Two Americans are among the more than 300 dead from the Oct. 14 blast in Mogadishu and countless other stateside Somalian diaspora have lost family members too...Read More