What is included in an estate appraisal of personal property?
An estate appraisal covers the personal property a decedent owned: household contents, furniture, jewelry, silver, artwork, antiques, collections, and vehicles. Each category is itemized with a fair market value as of the date of death, so the same report can support the probate inventory, the estate tax return, and distribution among heirs.
Can the same appraisal be used for probate and estate tax?
Yes. We prepare estate appraisals in accordance with both USPAP and IRS requirements, so one report can serve the court inventory and Form 706 reporting. That avoids paying for two appraisals of the same property and keeps the values consistent across filings.
Do vehicles in an estate need a separate appraisal?
No. We appraise cars, trucks, motorcycles, RVs, and trailers as part of the same estate engagement. Titled vehicles receive their own line-item values within the report, which probate courts and Form 706 schedules expect.
How are values set when heirs divide or buy out estate property?
Estate settlement values are fair market values supported by comparable sales, so a buyout or in-kind division rests on the same defensible number for every heir. When an item is disputed, the documented market evidence in the report is what resolves it.