ESTATE & PROBATE APPRAISALS

Estate appraisal is the process of determining the value of a person's assets, such as property, personal belongings, and investments, upon their death or when they are preparing to transfer their assets to someone else.

People need their estate appraised for a variety of reasons, such as for tax purposes, to settle disputes between heirs, to determine the distribution of assets, and for estate planning. An accurate appraisal can help ensure that the assets are distributed according to the owner's wishes and can prevent legal challenges and disputes.

Estate appraisers, such as Princeton Appraisers, typically work by inspecting the property and personal belongings, researching market data and sales trends, and analyzing other relevant factors such as condition, location, and historical significance. They then use this information to determine the fair market value of the assets. Appraisers may be hired by the estate executor, attorney, or an individual who wants to have their assets appraised for estate planning purposes. It's important to note that estate appraisers must adhere to professional standards and ethics, and their appraisals are often subject to review by the court or other interested parties.

All families have items of value - regardless of the size of your Estate, there comes a time when you need to know how valuable your Estate exactly is. Armed with experience and knowledge we research all items in the Estate to provide you with the most accurate valuation reports.
Estate appraisal reports are used for taxation purposes on your tax return, to equitably distribute the Estate items among the beneficiaries, to find out the value of the items before accepting an offer to buy or in preparation to sell the items to a dealer, auctioneer, private buyer.

Estate items sometimes are donated. You might be able to use Estate appraisal to write off the proper amount off your estate taxes.

Read more: Frequently Asked Questions