Equipment Appraisal for Probate

5.0from 80+ client reviews

Equipment appraisals for probate, prepared in accordance with USPAP. AppraiseItNow provides USPAP-compliant date-of-death valuations covering absorption discounts, installation costs, and obsolescence factors to protect estates from IRS challenge.

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DEFENSIBLE, USPAP-COMPLIANT MACHINERY & EQUIPMENT 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 machinery and equipment team behind your fair market value appraisal

Between them, our machinery and equipment appraisers hold 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.

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.

Marnie Erkelens

Marnie Erkelens

Vehicle Appraiser

CAGA Certified Appraiser since 2014, covering vehicles, boats, equipment, fine art, and collectibles. A classic-car restoration background informs her vehicle work, with reports prepared for insurance, divorce, and charitable contributions.

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
  • Certified Appraisers Guild of AmericaCertified Appraiser
  • The Appraisal FoundationAuthorized by Congress as the source of appraisal standards

Equipment Appraisals for Probate

When a decedent's estate includes industrial equipment, manufacturing machinery, or commercial tools, executors need a credentialed appraisal to satisfy IRS and probate court requirements. Estates exceeding the federal exemption threshold must include qualified, USPAP-compliant valuations when filing Form 706, and the applicable standard is typically fair market value, defined as the price a willing buyer and seller would agree upon with no compulsion to transact. Our equipment valuation practice covers everything from single-unit assets to large fleets, applying IRS Revenue Ruling 93-12 where absorption discounts apply to bulk holdings of similar equipment.

AppraiseItNow conducts appraisals both online and onsite across the United States, accommodating estates with equipment located at multiple facilities or remote sites. Our probate appraisal services are handled by accredited appraisers with direct experience in estate and gift tax matters, producing reports that hold up under IRS scrutiny and court challenge.

Equipment and Machinery We Appraise for Probate

AppraiseItNow covers a wide range of asset types that commonly appear in probate estates involving commercial or industrial property.

  • Manufacturing and production machinery, including CNC machines, lathes, presses, and assembly line equipment
  • Agricultural equipment such as tractors, combines, irrigation systems, and tillage implements
  • Construction equipment including excavators, bulldozers, cranes, and compactors
  • Commercial fleet vehicles such as semi-trucks, delivery vans, and specialized transport units
  • Restaurant and food service equipment including commercial ovens, refrigeration units, and prep stations
  • Medical and dental equipment such as imaging systems, surgical tools, and diagnostic devices
  • Printing and packaging machinery including offset presses, bindery equipment, and labeling systems
  • Woodworking and metalworking shop equipment, including saws, welders, and fabrication tools
  • HVAC, electrical, and mechanical systems that are installed and integral to a commercial facility
  • Oil field, mining, and energy sector equipment including pumps, compressors, and drilling rigs

How AppraiseItNow Handles Equipment Appraisals for Probate

  • Appraisers hold credentials through ASA, AMEA, CAGA, or NEBB and are selected based on demonstrated competency in the specific equipment category and market, consistent with the USPAP Competency Rule.
  • Each report identifies the effective date of value (typically the date of death), the applicable value definition, the intended use for estate or probate purposes, and the scope of work, including any absorption or blockage analysis for large quantities of similar assets.
  • Where installed machinery is involved, appraisers account for shipping, permitting, and installation costs, and assess whether continued-use value is supported by the facility's operating history or whether an alternative value definition is more appropriate.
  • Reports are formatted to meet IRS Form 706 requirements and probate court standards, with supporting documentation such as comparable sales data, dealer interviews, and market research included to substantiate conclusions.

What clients say we are known for

AppraiseItNow Reviews: “I highly recommend the AppraiseItNow team”

  1. Being the appraiser they come back to“I highly recommend the AppraiseItNow team” Julia P.Mentioned in 44 reviews
  2. Answering fast, and staying reachable while the work runs“They were responsive and timely from start to finish” Julia P.Mentioned in 34 reviews
  3. Showing the research and the comparables behind the number“They diligently researched both equipment items and provided well-documented reports” Bob H.Mentioned in 29 reviews
  4. Delivering the finished report ahead of the deadlineMentioned in 21 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.

  • I highly recommend the AppraiseItNow team. They were responsive and timely from start to finish, and the whole process was seamless. The final report was super detailed and gave me all the information I needed. I am so glad I hired them and would recommend them to anyone needing an appraisal!
    Julia P., Philadelphia, PA ·

    Technology Equipment Appraisal for Divorce

  • AppraiseItNow did an outstanding job appraising my 1998 Bobcat Skid Steer and circa 2010 Yuchai Crawler Dozer. We could not locate a serial number on the dozer, and there were no online sales available, but they were still able to develop an accurate appraisal using known specifications for my dozer compared to other comparable make and model dozers. They diligently researched both equipment items and provided well-documented reports.
    Bob H. , Dallas, TX ·

    Machinery & Equipment Appraisal

  • 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 Equipment Appraisals for Probate

What value do probate courts expect for machinery and equipment?

Good-faith fair market value as of the date of death: the price an unrelated buyer would pay in as-is condition. Court instructions expressly reject original cost and replacement cost, and the same fair market value standard flows through to any federal estate tax reporting for estates that must file.

When is an in-use or installed premise appropriate?

When the equipment operates inside a going business and market evidence supports including installation and setup costs, fair market value in continued use can be proper, sometimes reaching 100 to 120 percent of stand-alone value. Absent that support, an installed premium overstates the estate and creates audit risk, so the premise needs justification, not habit.

Which valuation shortcuts get executors in trouble?

Tax-depreciated book value, replacement cost, sentimental value, and liquidation standards all misstate a probate inventory. Orderly and forced liquidation values run roughly 75 to 90 and 50 to 70 percent of fair market value respectively and belong to lender and distress contexts, while book value reflects depreciation conventions rather than what the machine sells for.

How should each machine be identified in the inventory?

By manufacturer, model, serial number, year, location, hours or mileage, and condition, supported by comparable sales, price-guide data, or a cost-approach analysis. Courts give specific weight to that identification because it lets beneficiaries and clerks reconcile each valued asset to what was ultimately distributed or sold.