Appraisal for Trust & Will

Wills and trusts are important elements in the legal process of transferring assets. A will is a legal document that directs who will receive your assets and property at the time of your death. A trust is a legal arrangement where a “trustee” manages and holds title to your assets and property and distributes income to the beneficiaries that you select. During the will and trust process, appraisals are utilized to ensure equitable distribution of assets.

An appraisal for Trust & Will is important to have in order to ensure that a property owner is receiving the best service and most accurate representation of the property’s value. In order to protect the client’s interests, it is essential that asset values and liabilities are accurately assessed. An appraisal will account for any existing improvements to the property, including renovations, repairs, or new structures. It will also identify any existing liens or easements associated with the property. Additionally, an appraisal will assign a specific value to the property, in order to calculate the client’s net assets more accurately. This knowledge can be used to help manage resources more effectively and ensure that assets are being utilized to the fullest potential. Finally, in the event of a dispute or litigation, an appraisal can help provide evidence of fair market value and/or value as assessed by an expert. All of these reasons highlight the importance of having an appraisal for Trust & Will.