Author name: jemsu

# What Happens if an Estate Appraisal Significantly Undervalues a Property? When settling an estate, an accurate property appraisal is crucial to ensuring fair distribution among heirs, proper tax calculations, and compliance with legal requirements. However, if an estate appraisal significantly undervalues a property, it can lead to a range of financial and legal complications. […]

**How Do Estate Appraisals Address Historic Properties?** Estate appraisals play a crucial role in determining the value of properties for taxation, inheritance, and sales purposes. However, appraising historic properties presents unique challenges due to their architectural significance, preservation restrictions, and limited market comparables. Unlike standard real estate, historic properties often require specialized valuation methods that

### How Does Zoning Impact an Estate Appraisal? When determining the value of a property, zoning plays a crucial role in shaping an estate appraisal. Zoning laws dictate how a property can be used, its potential for future development, and any restrictions that may impact its overall worth. Whether a property is designated for residential,

# How Are Disputed Valuations Resolved in Estate Appraisals? Valuing assets in an estate can be a complex and contentious process, particularly when beneficiaries, executors, or other interested parties disagree on the worth of certain properties. Disputed valuations often arise in estate appraisals due to emotional attachments, differing financial interests, or fluctuating market conditions. Resolving

# Challenges That Can Arise During an Estate Appraisal Estate appraisals are a crucial step in settling an estate, ensuring that assets are accurately valued for legal, tax, and distribution purposes. However, the appraisal process can be complex and fraught with challenges, especially when dealing with diverse assets, legal considerations, and family dynamics. Executors, beneficiaries,

When settling an estate, determining the value of the assets is a crucial step in the process. Estate appraisals provide an official valuation of real estate and other assets, often used for probate, tax assessments, and inheritance distribution. But when an estate includes multiple properties, many may wonder: Can estate appraisals include multiple properties? The

# How Does the Federal Estate Tax Exemption in 2025 Affect Appraisal Needs? The federal estate tax exemption is set to change in 2025, a shift that could have significant implications for estate planning and tax liability. Under the Tax Cuts and Jobs Act (TCJA) of 2017, the exemption was temporarily doubled, allowing individuals to

# Are Estate Appraisals Required for All Estates? When a person passes away, their estate must go through a legal process to determine its value and distribute assets to heirs or beneficiaries. A key part of this process is the estate appraisal, which assesses the worth of the deceased’s property, real estate, and other assets.

# Understanding Step-Up in Basis and Its Role in Estate Appraisals When an individual inherits property or assets from a deceased person, one of the most important tax considerations is the concept of “step-up in basis.” This tax provision can significantly impact the amount of capital gains tax owed when the inherited asset is eventually

### How Often Should Estate Appraisals Be Updated? Estate appraisals play a crucial role in financial planning, tax assessments, and legal matters. However, estate values are not static—they fluctuate due to market trends, economic conditions, and property improvements. Keeping an estate appraisal up to date is essential to ensure accurate valuations for inheritance planning, tax