Trustee Services

Services and Fees for Corporate Trustees and Fiduciaries

Full service descriptions, methodology notes, and fee information for banks, trust companies, and institutional fiduciaries handling Colorado real estate in a trust administration context.

Submit an Order New account? Contact Russell
Services Available

Valuation Products for Corporate Trustee Accounts

All appraisals are independently prepared, USPAP-compliant under Standards 1 and 2, and appropriate for fiduciary reporting, court submission, and regulatory purposes. Every report is handled personally by Russell Harrist, with no subcontracting.

Full Scope

Full Interior/Exterior Appraisal

A complete appraisal with both interior and exterior inspection, prepared under USPAP Standards 1 and 2. For date of death assignments, the effective date of value is anchored to the date of death with full retrospective methodology. For current-date assignments, the effective date is proximate to the inspection date and reflects present market conditions. Appropriate for any assignment requiring a defensible, independent, court-ready opinion of value.

When to use

  • Date of death valuations for estate settlement and distribution
  • Current-date valuations for ongoing trust inventory and accounting
  • Equitable distribution among trust beneficiaries
  • Trustee reporting and fiduciary documentation
  • Federal estate tax reporting (Form 706), standard or IRS Qualified scope
  • Any assignment requiring a USPAP-compliant, independently prepared opinion

What’s included

  • USPAP Standards 1 and 2: full appraisal
  • Complete interior and exterior inspection
  • Retrospective or current-date methodology matched to assignment type
  • Extraordinary assumptions and certifications appropriate to the scope
  • Electronic PDF within 48–72 hours of inspection
$550
Standard fee: qualifying properties
$100 for 24-hour rush delivery
$25 for mailed hard copy
Limited Scope

Exterior-Only Appraisal

A limited-scope appraisal based on an exterior-only inspection, prepared under USPAP Standards 1 and 2 with appropriate limiting conditions and extraordinary assumptions regarding interior condition estimated from secondary data sources. Contact Russell to confirm this scope is appropriate for your assignment and the governing trust instrument before ordering.

When to use

  • Interior access is unavailable due to tenancy, estate dispute, or other circumstances
  • Assignment scope specified by the client does not require interior inspection
  • The governing trust instrument or applicable regulations permit a limited-scope report

What’s included

  • USPAP Standards 1 and 2: limited-scope appraisal
  • Exterior inspection with secondary data for interior condition estimation
  • Limiting conditions and extraordinary assumptions for unobserved interior
  • Retrospective or current-date methodology as required
  • Electronic PDF within 48–72 hours of inspection
$350
Standard fee: qualifying properties
$100 for 24-hour rush delivery
$25 for mailed hard copy
BPO

Broker Price Opinion

An appraisal-style market analysis with detailed comparable selection and market-supported adjustments. More rigorous than a standard drive-by BPO. Does not constitute a USPAP-compliant appraisal. Appropriate when the governing trust instrument or the engagement does not require full USPAP compliance. Confirm with legal counsel whether a BPO is acceptable for your specific reporting obligation before ordering.

When to use

  • The engagement does not require USPAP compliance or court submission
  • A preliminary market analysis is needed before ordering a full appraisal
  • The governing trust instrument permits a BPO for the intended purpose
  • Note: not appropriate for probate court filings or IRS estate tax reporting

What’s included

  • Full interior and exterior inspection (approximately one hour, similar to a full appraisal)
  • Appraisal-style comparable selection and detailed market analysis
  • Market-supported adjustments with supporting rationale
  • Point estimate or range of value as appropriate
  • Electronic PDF within 48–72 hours of inspection
$225
Standard fee: qualifying properties
$100 for 24-hour rush delivery
$25 for mailed hard copy

IRS Qualified Appraisals: Always Quoted

When an assignment requires an IRS Qualified Appraisal for federal estate tax reporting (Form 706 or related filings), additional scope, certifications, and qualified appraiser documentation are required beyond a standard USPAP appraisal. These assignments are always quoted individually. Contact Russell before placing an order to confirm the scope, required certifications, and applicable fee.

Fee Schedule

Standard Fees at a Glance

Standard fees apply to qualifying residential properties within the five-county Denver metropolitan service area. Complex, large, high-value, and out-of-area properties are quoted individually. Account-based billing with net-30 terms for established corporate trustee accounts.

ServiceFeeAdd-ons
Full Interior/Exterior Appraisal
$550
+$100 rush / +$25 hard copy
Exterior-Only / Limited Scope
$350
+$100 rush / +$25 hard copy
Broker Price Opinion
$225
+$100 rush / +$25 hard copy
IRS Qualified Appraisal
Contact for quote
Standard pricing applies to single-family homes and townhomes (approx. 3,500 sq ft above grade or less) and condominiums (2,000 sq ft above grade or less) on lots of one acre or less, within Arapahoe, Denver, Douglas, Elbert, and Jefferson counties.
Complex assignments, 2–4 family, rural, and high-value properties are quoted individually.
Standard delivery is electronic PDF. All turnaround times measured from completed inspection.
Account-based billing available with net-30 terms for established corporate trustee accounts.
Russell Harrist, Certified Probate Expert
Questions or Quotes

Call Russell Directly

For questions about scope, methodology, IRS Qualified Appraisals, out-of-area assignments, or to establish a new institutional account, contact Russell directly before placing an order.

(983) 333-7777
Place an Order

Corporate Trustee Order Portal

Complete the order intake form on the Corporate Trustee Portal page to submit a new assignment. New to Great Estates? Contact Russell to set up your institutional account first.

Submit an Order New Account Inquiry

Russell personally reviews every order and confirms scope before work begins. Confirmation and expected delivery date provided within one business day.

Colorado Certified Residential Appraiser
Certified Probate Expert (CPE)
Colorado Licensed Real Estate Broker
25 Years of Experience
Member, Colorado Association of Real Estate Appraisers