ESTATE
APPRAISAL
E. Linda Poras , Boston, Estate Appraisal, Appraiser,
USPAP Tested
An estate appraisal is needed when a will and/or
trust is being created, or when property is being inherited. The usual
objective of an estate appraisal is to: represent the property fairly and
accurately for estate tax purposes, to provide
evaluation at fair market value, and to adhere to IRS regulations.
Benefits
- When an appraisal is recorded during the
creation of a will or trust, it establishes a value for the property. This
allows the owner and future recipients of the property to chart its value over
time. This value is used when determining inheritance distribution.
- An appraisal provides peace of mind to the
owner of property and to the recipients of the estate. An impartial appraisal will negate
any disputes over value, and lets the estate process proceed in a timely
manner.
508.577.7377
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