For estate tax reporting and administration, the IRS and courts typically require real estate to be valued as of the owner’s date of death (or an alternate valuation date, when applicable). Our date-of-death appraisal services provide retrospective valuations that reflect market conditions on the required effective date.
We work with estate attorneys, CPAs, and executors to confirm the correct valuation date, inspect the property, and research comparable sales and market data from that historical period. The resulting report documents how the value conclusion was reached and is designed to withstand IRS or court review if questions arise.
Because date-of-death assignments are retrospective, they require careful research and a clear explanation of how the market looked at that time—not today. Engaging an appraiser experienced with these assignments helps reduce the risk of audit issues and disputes among beneficiaries.
