How can an appraisal protect you as the executor of an estate?

An appraisal can help protect you as the executor of an estate by documenting your due diligence in distribution of the assets. Often times a sibling may want to "buy out" the other beneficiaries. Obtaining a fair market value real estate appraisal ensures a fair representation of the asset.

Being an executor can be a privilege and an honor. It can also be a burden that you may not have been ready for. Adverse relationships with siblings can further cause stress and, in many instances, a real estate appraisal can give everyone peace of mind. If there is real estate that is attached to the will and you are unsure of the best way to dispose of the property, we have the experience to help you make the right decisions. When distributing the asset among the beneficiaries, documenting what you did and why you did it can be crucial to proving your due diligence.

When you are dealing with one of the most valuable assets in the estate, you do not want to rely on a Realtor's CMA or a computer's guess at what the home might be worth. These types of value estimates have their place in the industry, but they will not be as reliable as a State Certified Appraiser's report. Our appraisers have extensive experience in working with families to determine their best course of action in their executor role.