Estate Appraisals: What Executors Need to Know

Often urgent, often overlooked — here's what to prioritize.

Why timing matters so much

Estate appraisals are often needed for probate court filings or tax purposes with real deadlines — delaying this step can hold up the entire estate settlement process.

Real estate and personal property are often both involved

A full estate appraisal may need both a real estate appraiser for property and a personal property specialist for valuables, art, or collectibles — these are typically different professionals.

Documentation supports the appraisal process

Any existing records — insurance appraisals, purchase receipts, or prior valuations — can help an appraiser work more efficiently and support the final valuation.

Tax implications depend on accurate valuation

Estate tax calculations and step-up in basis for beneficiaries both depend on accurate appraised values, making a credentialed, well-documented appraisal important beyond just the immediate settlement.

Getting started early reduces stress

Because of the emotional weight of estate settlement combined with real deadlines, starting the appraisal process as soon as reasonably possible helps avoid added pressure later.