Valuation Contexts
Date of Death and Current-Date Valuations
Trust administration frequently requires both retrospective
and current-date real estate valuations. Great Estates, Inc. handles both,
with methodology matched to the assignment and reporting requirements.
Retrospective
Date of Death Valuations
The effective date of value is anchored to the date of the decedent's
death. The analysis is performed using retrospective methodology under
USPAP Standards 1 and 2, with market data, comparable sales, and
conditions as of the effective date.
Extraordinary assumptions regarding property condition as of the
effective date are included as a standard component of every date of
death appraisal where an interior inspection has been conducted after
the date of death.
Estate settlement and distribution
Federal estate tax reporting (Form 706)
Stepped-up cost basis documentation
Probate court filing
Current Date
Current-Date Valuations
The effective date of value is the date of inspection or a date
proximate to it. These assignments reflect present market conditions
and are appropriate for trust administration contexts that require
a current opinion of value rather than a retrospective one.
USPAP-compliant under Standards 1 and 2. Appropriate for both
court submission and internal fiduciary reporting depending on the
governing trust instrument and applicable regulations.
Ongoing trust inventory and accounting
Equitable distribution among beneficiaries
Trustee reporting and fiduciary documentation
Sale or disposition planning
Colorado Certified Residential Appraiser
Certified Probate Expert (CPE)
Colorado Licensed Real Estate Broker
25 Years of Experience
Member, Colorado Association of Real Estate Appraisers
