Date of Death Valuations
In various situations, such as estate tax liability or the disposition of assets through a will or probate, there arises a need for property appraisals that determine the value of the property at a specific date in the past, rather than at the time of appraisal ordering. These "date of death" valuations can be complex and stressful, requiring specialized expertise and training. Attorneys, accountants, executors, and others rely on a reputable firm like a la mode, inc. for such valuations.
"Date of death" valuations necessitate a firm that has a long-standing presence in the area and possesses the ability to effectively research comparable sales that occurred around the same time. Unlike publicly traded stocks or other assets with minimal value fluctuations and publicly available historical data, real property requires the expertise of a professional real estate appraiser. These appraisers adhere to the Uniform Standards of Professional Appraisal Practice (USPAP), ensuring a high level of confidentiality, professionalism, and a quality report that meets the expectations of taxing authorities and courts.