Settling an estate is one of those things that most people know little about until they experience it. Every estate situation is different and the type of appraised value required all depends on the particular needs of the estate. our team of certified appraisers at C&K Appraisal, LLC understands the complexities involved in assessing the value of a property under these difficult circumstances and we’ll provide you with the best possible experience.

Retrospective appraisal are fairly common in estate settlement situations. When an estate has a transfer of ownership due to death or inheritance, it is very common for a real estate appraisal to be needed for tax purposes..

It’s been our experience that estate appraisal are commonly ordered between 2-6 months after the death of a loved one or inheritance of a property. These involve appraising a home based on a ‘prior date’ which is typically the owner’s date of death, hence the reason why estate appraisal are often referred to as ‘date of death’ appraisal

In addition to needing a retrospective or date of death appraisal during the settlement process, often times the ordering party will also request a ‘current value’ appraisal in order to determine current market value for purposes of sale or settlement between heirs.