What is a Date of Death Appraisal and Do You Need One?

📌 Date of Death Appraisals: Why They Matter & What You Need to Know If you're navigating probate, trust administration, or estate planning, understanding date of death appraisals is crucial. In this video, I break down what they are, why they matter, and how they impact heirs, taxes, and the probate process. 🏡📜 📌 What You’ll Learn: ✅ What is a date of death appraisal? ✅ Why is it required for probate and estate settlement? ✅ How it affects taxes (stepped-up basis explained!) ✅ The 90% rule in probate real estate ✅ Tips to navigate the process smoothly ✅ Real-life examples of how appraisals impact estate sales ___________________________________________________________________________ LINKS & RESOURCES: 📘 Probate Guide: Feeling overwhelmed by probate? This easy-to-follow guide simplifies every step, helping you settle your loved one's estate faster and with less stress. ➡️ [Get Your Guide Here] ➡️ https://myguidetoprobate.com/ ___________________________________________________________________________ Lisa Quaschnick eXp Realty | REALTOR® | Certified Probate and Trust Specialist 📧 [email protected] 📲 (916)205-3881 CADRE# 01702057 ___________________________________________________________________________ I am not an Attorney or Tax Professional. The information provided in this video is for general informational purposes only and should not be considered as legal, financial, or tax advice. I am a licensed REALTOR® and while I strive to provide accurate and up-to-date information, I am not qualified to offer legal or tax advice. Before making any decisions or taking any actions related to probate, trusts, wills, or any other legal or financial matters discussed in this video, it is strongly recommended that you consult with a qualified attorney, tax professional, or relevant expert in your jurisdiction. Laws and regulations vary widely, and what may be applicable in one situation may not be in another. ___________________________________________________________________________ 00:00 Introduction 00:40 Guide to Probate Real Estate 01:00 What is a Date of Death Appraisal? 02:18 Why Is It Necessary? 03:51 How is the Appraisal Conducted? 06:02 Tips for Navigating the Process