Author name: jemsu

**Understanding the Role of the IRS in Reviewing Date of Death Appraisals** The passing of a loved one often brings not only emotional challenges but also financial and legal obligations, including the accurate valuation of the deceased’s estate. A key component of this process is the date of death appraisal, which determines the fair market […]

**How Long Does It Typically Take to Complete a Date of Death Appraisal?** When a loved one passes away, managing their estate can be a challenging and emotional process. Among the many tasks involved, a date of death appraisal plays a crucial role in determining the fair market value of the deceased’s assets as of

**Understanding the Significance of Fair Market Value in a Date of Death Appraisal** When a loved one passes away, their estate must go through a process of valuation and distribution—a task that often entails complex financial and legal considerations. A critical element in this process is determining the **Fair Market Value (FMV)** of the decedent’s

**Can Homeowners Contest a Date of Death Appraisal?** When a loved one passes away, their estate often includes real property, such as a home, that must be appraised to determine its fair market value as of the date of death. This “date of death appraisal” can have significant implications for tax liabilities, inheritance divisions, and

When a property owner passes away, their real estate holdings often become a focal point of various legal and financial processes, including property tax assessments. One critical question that arises in these situations is whether date of death appraisals—valuations of a property as of the owner’s date of death—play a significant role in determining property

**How Does a Real Estate Appraiser Handle Retroactive Appraisals?** Real estate appraisals typically aim to determine the current market value of a property, but in some cases, appraisers are tasked with looking into the past to establish a property’s value as of a specific date. These are known as retroactive appraisals, and they play a

**Understanding the Complexities of a Date of Death Appraisal** A date of death appraisal, often required for estate planning, taxation, or probate purposes, is a specialized real estate or asset valuation process that determines the fair market value of a property or asset as of the owner’s date of death. While this type of appraisal

**How Accurate Are Date of Death Appraisals Compared to Modern Appraisals?** Appraisals are essential tools for determining the fair market value of assets, whether for estate planning, taxation, or financial reporting. When it comes to date of death appraisals—valuations conducted to establish the worth of assets as of the decedent’s date of passing—accuracy is critical.

**Are Date of Death Appraisals Used to Settle Family Disputes Over Inherited Property?** The division of inherited property often represents one of the most emotionally charged aspects of estate settlement. In these situations, families can find themselves not only mourning the loss of a loved one but also grappling with disagreements over the value and

**What Qualifications Should an Appraiser Have for Conducting Date of Death Appraisals?** When it comes to estate planning and settlement, date of death appraisals play a critical role in determining the fair market value of assets as of the date a person passes away. These appraisals are not only essential for distributing an estate’s assets