Settling a Temecula & Murrieta Valley estate is an important task not to mention confusing if this is your first time through the process or if you are from out of the area working to settle an estate long distance.

As an executor, executrix, trustee, successor trustee or personal representative you have been entrusted to carry out the wishes of the trust or the deceased.

Doing the right thing is important and receiving guidance on the valuation process is a good starting point as it can intertwine with other parts of your tasks to complete.

Whether local or out of state looking for an appraiser that specializes in this type of work, can be extremely difficult as there are many appraisers who all say they complete Estate Appraisal work but are they knowledgeable about IRS regulations for appraising, knowledgeable of the market area the property is located, and will they spend the time to provide guidance and help.

The key to assisting you in the estate appraisal process is trying to figure out who is the right person to guide you through valuation process and it becomes worrisome, confusing, and consequently critical that you do your own due diligence.

If you click the button below, you can download a list of 5 things to consider as you work through the task in front of you as Co-Trustee or Successor Trustee.

Why Professional Guidance Matters

In settling an estate usually there are a significant number of buzz words that may need some explaining on more of the common man approach.

Now remember I am not an attorney or a CPA but here is a quick list of the issues that may require an appraiser to assist the estate.

• “706–Income Tax Return”: Essential for tax purposes, understanding the nuances of this form is crucial.
  — What Is IRS Form 706, Who Must File, Related Forms (investopedia.com)
• “A & B Trust”: Determining the value of assets in these trusts is vital for proper distribution.
  — A-B Trust: Definition, How It Works, Tax Benefits (investopedia.com)
• “Step Up Basis of Value”: This concept can significantly impact capital gains tax and should be assessed meticulously.
  — Step-Up in Basis: Definition, How It Works for Inherited Property (investopedia.com)
• “Current or Retrospective Appraisal”: Depending on the circumstances, you may need to evaluate a property’s value at a specific past date. A retrospective appraisal is using the date of death as the effective date of value.
• “Charitable Donation / Form 8283”: If you’re considering charitable donations as part of the estate, an appraisal is essential.
  — About Form 8283, Noncash Charitable Contributions | Internal Revenue Service (irs.gov)
• “IRS Treasury Regulations, definition of market value”: If you’re considering charitable donations as part of the estate, an appraisal is essential.
  — 26 CFR § 20.2031-1 – Definition of gross estate; valuation of property. | Electronic Code of Federal Regulations (e-CFR) | US Law | LII / Legal Information Institute (cornell.edu)

Contact Me Today

Estate Appraisals are a part of my work portfolio. I include forms the IRS requires completed by the appraiser (when needed) and I include specific language needed by the IRS in order provide a credible report.

When you call my mobile number, please have a few minutes of time available to discuss your situation and how I can assist you in the process and confirm if I meet your needs.

This initial visit on the phone and eventual proposal (if you think I can help) is no charge and my belief is that you will find it valuable time spent.

For an Estate Appraisal it is key that you find an appraiser whom you feel comfortable with, trust, can answer your questions, and meet your schedules.

If I am not the right person, then I may be able to refer you to someone else.

I believe you deserve this type of service on the initial call for such an important job.

If you like, after the call I can then provide a written proposal and we can proceed if you decide that I meet the estate’s needs and yours.

Please contact me today on my mobile telephone at (909) 262-3434 or via email at bradbassi@yahoo.com to discuss your needs.

I look forward to helping you navigate your estate appraisal needs in the Temecula Valley.