Estate Appraisals Temecula Valley


Please contact me today via e-mail ( or mobile telephone (909) 262-3434 to discuss your particular case and see what help or guidance I may be able to provide.

Settling an Estate in Temecula Valley is an important task. As an executor, executrix, trustee or successor trustee you have been entrusted to carry out the wishes of the deceased through being as precise as possible. Attorneys, Accountants and Trustees in Temecula Valley, have relied upon my reports when estimating real property values for estates, trusts, charitable donations, probate or other issues within an Estate that require a value to be placed on real estate. I understand the issues at hand with Estate Appraisals, and the reports that I complete will meet the requirements of the IRS, Probate court, and other various agencies or interests.

Settling an estate usually requires an appraisal to establish Market Value for the residential property involved either when the first trustee or spouse passes and there is a need to establish a “Step Up Basis of Value” for the “B” trust. In the event that all of the original parties to the estate or trust have passed away, a final valuation of the property may be required in order establish a retrospective date of value for the market value of the real estate for a general accounting to take place for the total of the estate and for the purpose of filing a 706 income tax return (if required).

It’s been my experience (over 25 years), that estate appraisals are commonly ordered between 2 -10 months after the date of death. In most cases, the date of death differs from the date the appraisal is requested and the date of the site visit. I am familiar with the procedures and requirements necessary to perform a Retrospective Appraisal, with an effective date and Market Value estimate matching the date of death versus the date of the actual site visit. I also recognize that a second “current” valuation may be required for potential sale or settlement among heirs.

Charitable Donation appraisals for the Estate are also part of my work portfolio. Including the forms that the IRS requires (such as 8283) be completed and the inclusion of the specific language needed by the IRS in order provide a credible report that will be accepted by the IRS if a review is completed.

Sometimes people do not fully appreciate the need to have a detailed real estate home or land appraisal prepared in support of the documents filed with revenue authorities or court, if probate is involved. But if there is not an appropriate valuation completed, it can lead to many issues that can upset the closing of an estate and /or dissolution of the Trust, or IRS taxation. Opinions of value used in those documents filed with the revenue authorities should be supported by a detailed report indicating how the appraiser arrived at his/her conclusions. Such a report needs to demonstrate to the authorities the data and values used are sound and substantiated.

Having a professional home or residential land appraisal gives the executor/trustee data to work with in meeting IRS and state agency requirements as well as the needs of the Estate. It assures to everyone involved (including the beneficiaries) that there is commentary and support required by federal agencies and that I can assist with any questions that may arise.

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