Date of death valuations

Estate tax liability, income 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.) Even if the estate is small an appraisal is typically needed to establish the basis value of real property for determining income taxes that may be due upon the future sale of the property.

Attorneys, accountants, executors and others rely on Whitworth 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 contemporaneous sales. Whitworth Appraisals has the resources and expertise to do this effectively and quickly. 

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. 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. We have the experience and expertise in performing these appraisals you can rely on.

When requesting a quote or ordering a retrospective appraisal (estate, distribution of assets, etc.) please provide the effective date, typically the date of death, you desire for the appraisal. Please browse our website to learn more about our qualifications, expertise and services offered.