We provide fair and unbiased estate appraisals.
An estate appraisal is a professional property valuation, typically real estate, conducted after someone passes away during the estate settlement process. The purpose of an estate appraisal is to determine the fair market value of a property to be used for probate, estate tax filings, inheritance planning, or when heirs need to sell or divide assets. A certified real estate appraiser must perform the appraisal to provide an impartial and defensible value estimate.
There are many reasons to have an estate appraisal conducted on a property while settling an estate. Here are just a few:
- Ensure heirs receive accurate information for decision-making about the estate
- Help prevent disputes between family members about the property’s value
- Provide documentation required for both legal and tax purposes
- Establish a basis for any capital gains calculations if the property is sold
At Second City Appraisal, we have extensive experience conducting appraisals of all types, including estate appraisals. We work primarily in the Chicago, Illinois area, and we can help you with all phases of the appraisal process while you are working on settling an estate. Our appraisals rely on applicable market value, our extensive experience, and our expertise in the real estate field.
Ensure your peace of mind while you work on settling an estate by hiring us to conduct the estate appraisal. Reach out to us today to learn more about our appraisal services or to order your estate appraisal.