Estate & Trust Appraisals

What is an Estate?

An Estate is a financial tool and IRS vehicle to minimize taxes on financial gains. Depending on the amount of an estate and its asset(s) value, appraisals are often required by state and federal law to establish a basis or benchmark for estate planning and estate gifts.

What is a Trust?

A Trust is a document used as a container to pass assets to a successor without probate proceedings.

When do I need seek an appraisal for an Estate or Trust?

As noted above, an appraisal is required by the IRS at the time an Estate or Trust is established and such point when an Estate or Trust is dissolved or transferred to a successor.