**How Are Partial Interests in a Property Appraised for Date of Death Purposes?** When someone passes away, their estate often includes real property, such as homes, land, or commercial buildings. In some cases, the deceased may have held only a partial interest in a property, such as a shared ownership stake in a family vacation […]

When a loved one passes away, their estate often requires a date of death valuation to determine the fair market value of assets for tax and legal purposes. This valuation plays a critical role in estate planning, inheritance distribution, and compliance with IRS regulations. While it may seem convenient or cost-effective to involve a family

### Are Multiple Date of Death Appraisals Required for Split Heirships? The division of an estate among multiple heirs can be a complex and often emotionally charged process. When it comes to split heirships—situations where multiple individuals inherit portions of an estate—questions surrounding the valuation of assets often arise. At the heart of this process

**How Do Changes in Zoning Laws Affect a Date of Death Appraisal?** Zoning laws play a pivotal role in determining the value of real property, influencing everything from permissible land use to potential future developments. When conducting a date of death appraisal—a type of retrospective appraisal used to determine the fair market value of a

**Understanding Common Errors in Date of Death Appraisals** Date of death appraisals play a critical role in estate planning, probate proceedings, and tax assessments. These appraisals determine the fair market value of real estate or personal property as of the decedent’s date of death, influencing tax liabilities, inheritance decisions, and legal resolutions. However, ensuring the