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Estate Planning

Estate settlement can sometimes be challenging for those related to the deceased, but nevertheless, is necessary with the passing of those who hold real estate assets. Often times, there are several properties within real estate portfolios that require an opinion of market value, and any real property held by the estate must be valued by a competent real estate appraiser. Since the date of inspection of the real estate is usually different from the date of death, a forensic retrospective appraisal which establishes the “fair market value” is used, and the appraiser should be qualified and possess the competency to perform such an appraisal. Those who use appraisals for estate purposes include beneficiaries of the estate, attorneys, trust administrators, estate planners, executors, accountants, court-appointed receivers, corporations, partnership entities, and enrolled agents.