Date of death valuations 

 As a result of the COVID19 Pandemic you might find yourself here.              Sorry for your loss.
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. 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.)  At times there are a number of parties involved to settle the estate. Someone with experience and knowledge will help all parties navigate and understand the appraisal process and how value with be arrived at.

Attorneys, accountants, executors and others rely on Ray Underhill 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. Also, for most its the largest asset they have in their financial portfolio. The appraisal is one of the most important valuations in the process of settling the estate.

I have heard from some appraisers its only an "Date of Death Valuations" but they do not realize its could be audited by the IRS and they are held responsible for the content of that report. In fact, due to the nature of the appraisal even more consideration should be taken so that everyone understand how the value was arrived at. Maybe it requires more of an explanation if its a complex property or the condition of the property is unusual.  The report should be written so that the average user can clearly understand its content.

Since Ray lives in Crestwood Village a 55+ community he knows the area and market. He has had experience in The Crestwood Villages, Cedar Glen West, Cedar Glen Lakes, Holiday City and Leisure Village to name a few. Ray can handle you estate needs for valuation purposes.  One less worry.   One more step toward the island trip you deserve or  much needed trip to Paradise in another location.  Maybe with the current conditions of COVID19 we are experiencing its just hanging out with family watching TV or planning for the next trip

 


 
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.