Inventory Appraisal for Probate

5.0from 80+ client reviews

Inventory appraisals for probate covering retail stock, warehouse goods, raw materials, and finished inventory held by an estate, prepared in accordance with USPAP. AppraiseItNow appraises manufacturing, distribution, retail, and ecommerce inventory in all 50 states to support estate settlement and court-ready inventories.

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DEFENSIBLE, USPAP-COMPLIANT INVENTORY APPRAISAL REPORTS — QUALIFIED FOR THE IRS, PROBATE COURTS, AND ESTATE ATTORNEYS.

  • IRS
  • United States Courts
  • Chase
  • Bank of America
  • State Farm
  • Goodwill Industries
  • Wells Fargo

The inventory team behind your fair market value appraisal

Between them, our inventory appraisers hold ISA and CAGA designations, and every report is written to USPAP for the IRS, probate courts, and estate attorneys.

Joe Kattan

Joe Kattan

Owner & CEO

Joe founded AppraiseItNow to make a certified, USPAP-compliant appraisal as simple to order as anything else online. A former Bain & Company strategy consultant, Joe leads the entire team and specializes in strategy, growth, and the firm's tech capabilities.

Anne Hay

Anne Hay

Personal Property Appraiser

ISA Accredited Member with 30 years in the trade, from running estate sales and an auction gallery to appraising luxury apparel, furniture, artwork, antiques, and business assets, primarily for IRS tax filings.

Jason Dolph

Jason Dolph

Machinery & Equipment Appraiser

Third-generation auctioneer and CAGA Certified Appraiser with more than 20 years valuing machinery, equipment, vehicles, business assets, and estates for banks, attorneys, and trustees across the Carolinas.

Ashley Innes

Ashley Innes

Personal Property Appraiser

ISA Accredited Member specializing in Asian art, with a Master's from SOAS and a Postgraduate Diploma in Asian Art. Ashley chairs the ISA's Antiques, Furnishings, and Decorative Arts committee and appraises for charitable donation, insurance, and equitable distribution.

Aron Blue

Aron Blue

Client Success Manager

Manages each engagement from the first enquiry to the delivered report, and keeps you posted at every step along the way.

  • USPAPWritten to the Uniform Standards of Professional Appraisal Practice
  • Fair market valueThe IRS definition of value that Form 706, probate courts, and gift tax filings apply
  • International Society of AppraisersAccredited Member
  • Certified Appraisers Guild of AmericaCertified Appraiser
  • The Appraisal FoundationAuthorized by Congress as the source of appraisal standards

Inventory Appraisals for Probate

When a decedent's estate includes business inventory, such as retail stock, warehouse goods, or manufacturing materials, executors need a credentialed appraisal to document its value for the probate court and the IRS. The applicable standard is fair market value as of the date of death, and estates exceeding the federal exemption threshold must substantiate that value on IRS Form 706. Our inventory valuation practice covers raw materials, work-in-process, finished goods, and specialized stock across industries from retail and distribution to manufacturing and healthcare.

AppraiseItNow conducts inventory appraisals both online and onsite across the United States, accommodating estates with stock held at storefronts, warehouses, or multiple facilities. Our probate appraisal services are handled by accredited appraisers with direct experience in estate matters, producing reports built to withstand IRS scrutiny and court challenge.

Types of Inventory We Appraise for Probate

AppraiseItNow appraises the full range of inventory categories that appear in probate estates involving a business or commercial holdings, including:

  • Retail merchandise across apparel, electronics, home goods, and specialty categories
  • Wholesale and distribution stock held in warehouses or fulfillment centers
  • Raw materials and bulk commodity stock held for production
  • Work-in-process inventory at various stages of completion
  • Finished goods ready for sale, including branded and private-label products
  • Food and beverage inventory, including perishable and shelf-stable goods
  • Pharmaceutical and medical supply inventory, including regulated items
  • Industrial parts, components, and MRO (maintenance, repair, and operations) supplies
  • Ecommerce and consignment inventory, including goods held under vendor-managed arrangements
  • Obsolete, slow-moving, or excess stock requiring write-down documentation

How AppraiseItNow Handles Inventory Appraisals for Probate

Our process and deliverables are designed to meet the documentation standards of probate courts, the IRS, and estate attorneys:

  • Appraisers hold credentials through recognized organizations such as ASA, ISA, CAGA, AMEA, and NEBB, and are selected for demonstrated competency in the inventory category being valued, consistent with the USPAP Competency Rule.
  • Each report identifies the effective date of value (typically the date of death), the value definition applied, the intended use for estate or probate purposes, and the scope of work performed.
  • Large quantities of similar goods are analyzed for absorption and marketability, reflecting what the inventory would realistically bring in the relevant market rather than simple retail list prices, with obsolete or slow-moving stock adjusted accordingly.
  • Reports are formatted to support IRS Form 706 filings and probate court inventory requirements, with market data, research sources, and appraiser qualifications included to substantiate conclusions.

What clients say we are known for

AppraiseItNow Reviews: What Clients Say About AppraiseItNow

  1. Answering fast, and staying reachable while the work runs“From the start they were very responsive, price competitive” Chris S.Mentioned in 34 reviews
  2. Showing the research and the comparables behind the number“Very thorough and professional — great communication and outstanding service” Curt B.Mentioned in 29 reviews
  3. Delivering the finished report ahead of the deadlineMentioned in 21 reviews
  4. Being the appraiser they come back toMentioned in 44 reviews
  5. Taking on items other appraisers had already turned downMentioned in 14 reviews

Across 80+ published AppraiseItNow reviews the picture is consistent: every one is from a client who paid us for an appraisal, and the three things they raise most often are that they would hire us again, how quickly we answer, and how much research is visible in the report.

  • From the start they were very responsive, price competitive, and had a quick turn around time. Thank you so much to Joe who was very sweet in responding to my emails; I am looking forward to utilizing AppraiseItNow for many years to come.
    Chris S., San Clemente, CA ·
  • Very thorough and professional — great communication and outstanding service. Highly impressed with their work!
    Curt B. , Washington, UT ·

Frequently Asked Questions on Inventory Appraisals for Probate

How is business inventory valued for a probate filing?

At fair market value in its as-is condition on the decedent's date of death, not at original cost or the price it eventually brings. Courts expect the executor to apply that date-of-death standard consistently across the estate and to attach an explanation if any other method is used for a particular asset.

Can inventory on the probate schedule be reported net of business debts or liens?

Generally no. Probate instructions in states such as Virginia direct that gross values not be reduced by outstanding loans, liens, or other claims; deductions are handled separately in the proceeding. Netting debts out of personal property values is a common, jurisdiction-dependent error that can get an inventory rejected.

What happens if the inventory later sells for more or less than the appraised amount?

The sworn probate value stands. The filing must reflect good-faith date-of-death fair market value, and revising it to match later sale proceeds creates inconsistencies with tax filings and invites objections from heirs or creditors who relied on the original inventory.

What documentation supports an inventory valuation in probate?

Enough detail to identify what was held, meaning categories, quantities, and condition, plus the valuation basis used. Where the inventory sits inside a going business, courts and the IRS expect evidence such as recent sale prices, partnership agreements, or a formal appraisal, and a professional appraisal is typically required once values are disputed.