Appraisals for Estate Purposes

Estate tax liability. Disposition of assets under a will or in probate. There are many situations -- none of them lacking stress and complexity -- where you might need an appraisal of property that states an opinion of what the property was worth on a date some time ago, rather than when the appraisal is ordered. These are referred to as retrospective appraisals. For estate tax purposes or disposition of the assets of a decedent, a "date of death" valuation is often required. (Sometimes, the executor of the estate may choose to have the date be six months after the date of death -- but the same principles apply.) Appraisal Source, Inc. has prepared numerous appraisals for this purpose.

Attorneys, accountants, executors and others rely on Appraisal Source, Inc. for "date of death" valuations because such appraisals require special expertise and training. They require a firm that's been in the area for some time and can effectively research comparable contemporaneous sales. 

Real property isn't like publicly traded stock or other items which don't fluctuate in value very much or for which historical public data is available. You need a professional real estate appraiser, bound by the Uniform Standards of Professional Appraisal Practice (USPAP) for a high degree of confidentiality and professionalism, and you need the kind of quality report and work product taxing authorities and courts need and expect. 

Please browse our website to learn more about our qualifications, expertise and services offered

Property Valuations for Estate Settlement by Appraisal Source, Inc. 

Estate settlement is often stressful, but a very important job. As a trustee, you've been given the power to carry out the wishes of the departed as promptly and respectfully as possible. You can count on us to respond expeditiously and with as much empathy to the feelings of everyone in bereavement. 

Attorneys and accountants count on our understanding when calculating real estate values for estates, divorces, or other disputes requiring a value being placed on real property. We understand their needs and are used to helping with all parties involved. In our company, we are used to interacting with legal agencies in writing reports that meet their needs. 


Generally, settling an estate necessitates a clear appraisal report to suggest fair market value for the home to the satisfaction of the parties involved. We empathize that in times like this, acquiring an appraisal report is the furthest thought from your mind. Due to this, there is a chance that the date of death differs from the time the appraisal is requested. Our company is familiar with the practices and requirements needed to supply a retroactive appraisal with an effective date and fair market value estimate matching the date you suffered the loss of your loved one. The ethics provision explained within the Uniform Standards of Professional Appraisal Practice (USPAP) keeps our appraisers to confidentiality, certifying the highest degree of privacy for you and your loved ones. 

Most of the time people do not fully comprehend the requirement to have an intricate real estate appraisal produced in support of the numbers displayed in general documents filed with the IRS.

Opinions of value displayed in documents filed with the IRS and Texas agencies absolutely should be supported by a comprehensive report as to how the appraiser acquired his conclusions. Such a report will definitely demonstrate to the authorities that the numbers used are well-founded and substantiated. 

Having a professional appraisal from Appraisal Source, Inc. gives the executor solid facts and figures to work with in going beyond IRS and Texas state agency requirements. You need not worry over anything, because Appraisal Source, Inc. will be there to support our work if they are ever challenged.