Estate / Asset Division
ESTATE SETTLEMENT, RETROSPECTIVE VALUE
With a retrospective appraisal, even though the property is inspected today, the property isn't valued on today's date, but is instead based upon a previous date (usually the date of death of the owner of the property). For example, if an owner of a property passed away in November and the current date is in March, the appraiser would inspect the property today but base the value on the market conditions in the month of the property owners passing. The effective date would be the retrospective date, in this case; November.
FAIR MARKET VALUE
In addition to needing a retrospective value in some situations, we can provide a current "as is" fair market value or value based upon the date the title transferred from the deceased to the heir (if the transfer was after the date of death). Every situation is unique and the type of appraised value required depends on the particular needs of the estate. Contact our estate experts with any questions.
TEAM WORK
We work closely with attorneys and accountants to clarify exactly what information or data is necessary to close the estate in case the owner or heir is not available.