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