Date of Death Valuations

There are many situations 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. This can include situations like Estate tax liability or disposition of assets under a will or in probate. 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.

Attorneys, accountants, executors, and others rely on the associates at OnPoint Appraisals 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 existing sales. 

Real estate property isn't like publicly traded stock or other items that don't fluctuate in value. Public records from prior sales are also not accessible to buyers and sellers. 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. You must have the kind of quality report and work product that taxing authorities and courts require and expect.