DATE 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 parent or 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 a 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 also as a tool to determine strategies for protecting and managing real property assets going forward.
Please browse my website to learn more about my qualifications, expertise and independent services offered.