leftDATE OF DEATH APPRAISAL (retrospective appraisals) 

Estate tax liability, disposition of assets under a will or in probate are challenging issues. 

There are many life circumstances -- none of them lacking in stress and complexity -- where you might need an appraisal of real property to determine the market value of what a property was worth as of a specific date in the past such as the date of death of a spouse. Typically, the Personal Representative PR of the estate of a loved one chooses to delay this process several months or longer while they tend to other difficult and sometimes overwhelming matters associated with such a loss. However, a date of death appraisal is usually necessary for estate tax purposes and for the disposition of certain assets of a decedent. 

 

Attorneys, accountants, personal representatives and others rely on Anthony N Federico, RA of RESIDENTIAL APPRAISAL & CONSULTING SERVICES (978) 521-3349 for "date of death" valuations because such appraisal assignments require the special expertise of a qualified and professional individual who is empathetic and understands the sensitive nature of the loss of loved one. They also require an individual with the skills and experience necessary to be objective and unbiased in their approach to the specific appraisal problem. I have performed many retrospective appraisals involving residential properties which require an independent certified value opinion to assist in determining estate tax obligations (if any), trust asset value and assist in determining strategies for protecting and managing real property assets going forward.   


Real property isn't like publicly traded stock or other commodities for which historical public data is readily available and where compensation for a service is being provided based on commission percentages.  Real property is both tangible (real estate) and intangible (property rights) and is always affected by change and emotional sentiment. That is why you need a competent real property Appraiser who understands these dynamics. A qualified professional Appraiser understands their ethical obligations to the Uniform Standards of Professional Appraisal Practice (USPAP) and their best practices assure you of a high degree of confidence and professional service. When difficult decisions need to be made, you need the kind of credibility and expertise that taxing authorities and courts expect with matters pertaining to real property. 

 

Please browse my website to learn more about my qualifications, expertise and independent services offered.