Probate Will

Do I need a Probate Appraisal?

Settling an estate for the purpose of probate is often times difficult and stressful.The probate process is used for settling an estate when the deceased who owns property does not leave a will to determine who inherits the estate. The courts decide on an executor to guide the probate process.

The probate process requires an appraisal to be completed on the property(s) of the deceased to determine the cash value as of the retrospective date or date of death. Often times when too much time has passed between the death and the probate the courts will order an appraisal as of the current date for the current value of the property(s). The reasons for a probate appraisal is to determine cash value of the property to divide among the beneficiaries and to determine the market value for tax purposes.

The probate process begins with filing an application to the county where the decedent resided. Once the application is approved the court will appoint an estate administrator or referee who is responsible for managing the estate, which includes the task of ordering the appraisal.

Our staff at MDAppraisers.com is experienced in the requirements requested by the courts of probate appraisals. The appraiser will ask the administrator a few questions when scheduling the appraisal for probate purposes. Some questions to be prepared for are who the intended user is, what name do you want on the report, what is the date of death, do you need a full appraisal or exterior (generally a full appraisal is required), and where would you like the appraisal sent to.

MDAppraisers.com provides effective and efficient appraisals for all of your appraisal needs. Our team understands the importance of discretion and will do our best to make this an quick and easy process.

Contact us today to schedule your probate appraisal or to answer any questions you may have at 443-765-5422 or use our contact page.

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