Estate Appraisals in North Carolina

An estate appraisal is an independent opinion of value prepared as of a specific effective date, often the date of death. Estate appraisals are commonly used for probate proceedings, estate administration, tax reporting, and legal matters requiring a defensible valuation.

Estate appraisals are typically required for probate and estate settlement, trust administration, estate or inheritance tax reporting, and legal proceedings involving real property. Attorneys, executors, trustees, and courts often rely on estate appraisals to establish fair market value.

Estate appraisals are developed in accordance with the Uniform Standards of Professional Appraisal Practice (USPAP). The process includes property inspection, market research, analysis of comparable sales, and reconciliation of value conclusions appropriate to the intended use of the appraisal.