Author name: jemsu

**How Does the Market Condition on the Date of Death Affect the Appraisal?** The value of a property is never static—it ebbs and flows with the broader market conditions, influenced by factors such as demand, economic trends, and comparable sales in the area. When it comes to determining the value of a decedent’s property for […]

**What Role Do Tax Implications Play in Date of Death Appraisals?** When someone passes away, their estate often becomes subject to a variety of financial and legal considerations, including tax obligations. Among the most critical components of this process is the “date of death appraisal,” which determines the fair market value of the deceased’s assets

**Is a Date of Death Appraisal Necessary for Inherited Properties?** When dealing with the complexities of inherited properties, one term you may encounter is a “date of death appraisal.” This appraisal determines the fair market value of a property as of the date the original owner passed away. While the concept may seem straightforward, its

**How Are Comparable Sales Chosen for a Date of Death Appraisal?** When determining the value of real estate for estate settlement or tax purposes, a date of death appraisal plays a critical role. This specialized appraisal establishes the fair market value of a property as of the decedent’s date of passing, ensuring compliance with IRS

**The Role of a Date of Death Appraisal in Estate Distribution** When a loved one passes away, the process of settling their estate can be both emotionally and logistically complex. Among the many steps required in estate administration, one crucial yet often overlooked aspect is the date of death appraisal. This appraisal determines the fair

**Are Date of Death Appraisals Used for Probate Purposes?** When a loved one passes away, their estate often must go through a legal process known as probate. This process ensures that the deceased’s assets are properly distributed to heirs or beneficiaries and any outstanding debts or taxes are addressed. One important aspect of probate is

**How Does an Appraiser Determine the Effective Date for a Date of Death Appraisal?** When it comes to estate planning, probate, or settling a loved one’s estate, the valuation of assets at the time of death is a critical step in the process. Appraisers tasked with determining the value of real estate or personal property

**Can a Date of Death Appraisal Be Conducted Years After the Date of Death?** When a loved one passes away, their estate often requires a formal appraisal of assets to determine their value at the time of death. This “date of death appraisal” plays a critical role in settling the estate, calculating taxes, and ensuring

**What Factors Impact the Valuation in a Date of Death Appraisal?** When determining the value of an estate after the passing of a loved one, a date of death appraisal plays a critical role. This appraisal establishes the fair market value of an individual’s assets as of the date of their death, serving as a

**Who Typically Orders a Date of Death Appraisal?** A date of death appraisal is a critical tool used to determine the fair market value of a property or asset as of the date of an individual’s passing. This valuation is essential for various legal, financial, and tax purposes, particularly when settling an estate. But who