Settling an estate is one of those things that we don’t typically have to think much about until the need arises. There are things to watch out for; you may need an opinion of value for the “date of death”, “alternate date”, “current as-is”, “retrospective value”, or a combination of the different values. Consulting your attorney and/or accountant on exactly what it is that you need can save you a lot headaches in the future. You can rest assured that we have the experience to work with all these types of values.
In modern estate planning, giving away property and fractional shares of property to produce transfers of wealth at nominal prices is a standard technique for reducing estate taxes. The use of a well-qualified appraiser who will produce an appraisal report that is valid, well substantiated, and convincing is important.