Estate & Trust Appraisals

Expert Estate Appraisals for Peace of Mind

At Legacy Appraisal Group, we understand that settling an estate can be a complex and emotionally charged process. As a trustee, executor, or administrator, you face numerous responsibilities and decisions that may feel overwhelming. That’s where we come in. Our mission is to provide you with accurate and reliable valuation information, enabling you to make well-informed decisions while prioritizing your privacy and peace of mind during this challenging time.

Our Expertise in Estate Administration and Probate Assets

With over 25 years of experience, Legacy Appraisal Group has cultivated a trusted network of inspectors, appraisers, attorneys, and realtors specializing in estate administration and assets held in probate. This expertise allows us to respond promptly and confidently to your unique concerns, guiding you through every stage of the estate settlement process.

Why Professional Appraisals Matter for Real Property Assets

When it comes to accounting for real property assets, working with a certified and experienced appraiser is essential. A professional appraisal provides a credible and defensible valuation, ensuring that fiduciary responsibilities are met with precision. This not only offers clarity to all parties involved but also delivers the peace of mind needed as assets are distributed or tax bases are set.

Determining a New Tax Basis or Stepped-Up Basis

One of the most critical aspects of estate appraisals is determining the fair market value as of the date of passing, often referred to as a "date of death appraisal." For beneficiaries inheriting property, this step-up basis represents the property’s market value at the time of the decedent's passing.

This adjustment in the tax basis can yield significant financial advantages. For instance, if a property inherited by a beneficiary is sold for $500,000, and the appraised value at the date of death was $400,000, the tax obligation would apply only to the $100,000 difference, rather than the full sale amount.

Retrospective Value Appraisals

Legacy Appraisal Group specializes in retrospective or historical appraisals, often required for assets held in trusts or probate. These appraisals establish effective dates that can span years—even decades—into the past. While these evaluations require extensive research to accurately assess historical sales and market conditions, the investment pays off in terms of accuracy and potential tax savings.

Our team has provided retrospective appraisals dating back to 1987, ensuring that every report is detailed, robust, and defensible. We simplify the process by presenting complex findings in an easy-to-read format, making it accessible to all stakeholders while retaining the rigor necessary to withstand scrutiny.

Unwavering Support During Challenging Times

At Legacy Appraisal Group, we recognize the emotional toll of losing a loved one. Our team approaches every client interaction with empathy, respect, and a commitment to easing your burden. We take pride in explaining each step of the appraisal process, helping you navigate the complexities with confidence and clarity.

The Core of Real Estat

The Core of Real Estate Appraisal: Establishing Value

Real estate appraisal is more than a calculation—it’s an art and science. At Legacy Appraisal Group, we meticulously assess every factor influencing a property’s fair market value, from location and condition to improvements and market trends. Our goal is to provide appraisals that empower you to make informed decisions, whether you’re managing an estate or planning for future generations.

Navigating the Legal Landscape: Tax Implications and Compliance

Understanding tax implications is critical for estate planning and settlement. From stepped-up basis evaluations to tax compliance, our appraisals offer the clarity you need to meet your obligations confidently. With federal tax laws constantly evolving, Legacy Appraisal Group ensures your property is appraised accurately and aligns with current regulations, minimizing risks and maximizing benefits.

The Legacy Appraisal Group Difference

Jerad Hunsaker, the visionary leader of Legacy Appraisal Group, brings over two decades of unparalleled expertise to the appraisal industry. Jerad’s dedication to precision and reliability has built a reputation for exceptional service, making Legacy Appraisal Group the trusted choice for estate appraisals.

Our approach combines deep industry knowledge, advanced methodologies, and a client-centered focus to deliver results that stand out. Whether you’re navigating the complexities of probate or planning for the future, Legacy Appraisal Group is here to provide the guidance, support, and expertise you need.

Trust Legacy Appraisal Group for Expert Estate Solutions

We are committed to helping you through every step of the estate appraisal process with professionalism, accuracy, and empathy. Contact Legacy Appraisal Group today to learn how our services can provide clarity and confidence in managing your estate’s real property assets.