Authority Appraisals: Your Trusted Partner for Probate Valuation

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Authority Appraisals Your Trusted Partner for
Probate Valuation

• Dealing with probate valuation can be a daunting
  task, but with Authority Appraisals by your side,
  you can feel confident in the accuracy and
  reliability of your appraisal. We are committed
  to providing you with a seamless and stress-free
  experience from start to finish.

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What Is a Probate Appraisal?A probate appraisal
is a court-ordered appraisal used to settle
matters of estate distribution.
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• When a person passes away and leaves behind
  non-cash assets (including real estate), the
  probate court must determine the cash value of
  these assets before distributing them to family
  or heirs. Usually, this appraisal process is
  multifaceted, with real estate valuations only
  acting as one side of the process.
• Why Are Probate Appraisals Necessary?
• The court requires probate appraisals for several
  reasons. The two main reasons are
• Equitable Distribution of Assets Among Heirs
• Probate law often requires equal distribution of
  a decedents assets among his or her heirs, and
  equitable distribution is not possible if the
  cash value of certain assets is unclear. A
  probate appraisal will clarify the value of the
  estate and ensure that each heir gets their equal
  share.

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• Estate Tax Collection
• Both federal and state governments collect estate
  and inheritance taxes. According to federal law,
  if the estate value is 5 million or more, every
  piece of property in the estate must be
  appraised. Many states follow this same rule,
  though some states do have lower thresholds. In
  any case, a probate appraisal provides the
  federal and state governments with a clear
  assessment of the cash value of all assets
  included in the estate.
• Probate Appraisals vs. Estate Appraisals
• Probate appraisals should not be confused with
  estate appraisals, although they are very
  similar. While both appraisals determine the cash
  value of assets, a probate appraisal directly
  refers to appraisals required by a probate court.
• Why Choose Authority Appraisals?
• At Authority Appraisals, we provide comprehensive
  and accurate appraisals that meet the
  requirements of the probate court. Whether you
  need a probate appraisal for taxation purposes,
  asset distribution, or both, Authority Appraisals
  can help.
• For more information please Contact Us, if you
  are ready to get started please complete our
  Order an Appraisal form and we will contact you
  with a free appraisal quote.