When you might need one
- Probate
- Settling a trust
- Splitting property fairly between heirs
- Deciding whether to sell or keep an inherited home
- Setting the tax basis for inherited property
Who usually orders it
Executors, trustees, probate attorneys, CPAs, and family members handling the property.
Date of death vs. today's value
Many estates need the value as of the day the owner passed, not today. I look at the sales and market conditions from that date to get the right number.
Common questions
How much does it cost?
Most run $500 to $1,200, depending on the property.
How long does it take?
7 to 10 days from the inspection.
Can you appraise a home after the owner passed?
Yes. That's what estate appraisals are for.