Estate & Trust Appraisals

An appraisal is required for estate tax, probate and equitable distribution to heirs. The valuation sets a new, higher cost basis for inherited assets, which can significantly reduce capital gains taxes if the asset is sold later. The IRS requires a detailed, defensible and comprehensive appraisal report – not just a valuation number – to withstand audits.

The appraisal should reflect the market value at the specific time of death, not the current date, necessitating a retrospective appraisal.