Estate Appraisal Services in Massapequa, NY

When an estate transfers ownership due to death or inheritance, a Real Estate Appraisal for Tax Purposes is crucial to determine if the estate owes federal or state taxes. Attorneys, accountants, or sometimes a family member or executor will typically order this appraisal.

Retrospective appraisals, commonly referred to as retro appraisals, are often required in estate settlement situations. These appraisals determine the home’s value on a prior date, usually the owner’s date of death, which is why they are also known as date-of-death appraisals.

In some cases, in addition to the real estate appraisal for estate tax purposes, a current value appraisal is needed to establish the property’s current market value for sale or settlement between heirs.

Estate tax appraisers in New York provide essential support during estate settlements. Whether it’s for pre-listing, donations, tax, trust, or probate, a Real Estate Appraiser in Farmingdale or Real Estate Appraiser in Plainview will give you a clearer picture of how the property will be valued based on your needs.

Remember, every estate situation is unique, and the type of appraisal needed depends on the estate’s specific requirements. A good attorney or accountant can guide you in selecting the appropriate type of appraisal like divorce appraisal, desktop appraisal, PMI appraisal, and measurement appraisal, and we at DMA Appraisers are happy to consult with them to clarify what’s required for your estate. For real estate appraisal for estate tax purposes, or if you need a retro appraisal, don’t hesitate to contact us.