http://www.appraisalarticles.com/http://www.appraisalarticles.com/Estate-and-Probate-Appraisals/4645-Internal-Revenue-Service-IRS-Real-Estate-Appraisals.htmlMon, 10 Apr 2017 00:00:00 EDTAppraisers often complete appraisal reports / valuations for the purpose of meeting IRS requirements. When real property changes ownership the sales price usually determines tax impacts, but there are many other events, like death, partial transfers, bankruptcy, divorce, probate, condemnation, gifts, donations and trust conveyances to name a few when the IRS wants to know what the value of a property was as of a date certain. Appraisals are thus often completed as of a retrospective date or as of a “date-of-death.” It is important for appraisers to ask and for clients to advise an appraiser that a report is required as of a date other than the current date. Having to appraise a property over as of another date is like having to do it entirely over again because the economy and the real estate market can change dramatically in 6-months. Estate and Probate Appraisalshttp://www.appraisalarticles.com/Estate-and-Probate-Appraisals/4569-Probate-Appraisals.htmlSat, 15 Aug 2015 00:00:00 EDTThere are many more people who pass from this world without a Last Will and Testament than you might imagine and their real property or real estate assets often end up being controlled by a Probate court. Appraisers usually become involved in a probate case through attorneys who need to get the real properties valued and sold. Probate appraisals present a special challenge to appraisers because the eventual sale of a real property assets by the court, often through a real estate broker, can be slow due to negative market forces (a weak economy) and a market sale can take a relatively long time. Thus there is a motivation to resolve Probate by liquidating real properties and appraisers must consider that fact in their appraisal reports.Estate and Probate Appraisalshttp://www.appraisalarticles.com/Estate-and-Probate-Appraisals/4544-The-Need-for-Estate-Appraisals.htmlFri, 10 Apr 2015 14:21:47 EDTThe baby-boomers, a group estimated at 78 million Americans born between 1946 and 1964, is finally working its way toward the end of the proverbial “snake” and with that movement through time comes a tremendous corresponding movement of real estate and personal property assets and many of those assets will require appraisals. There are appraisals required when transfers are going to be made, when a property is going to be listed for sale, when assets are being value for tax purposes, when there are partial interest or fractional interest owners and when a property is going to be gifted. Estate and Probate Appraisals