Home Appraisal and Estate Planning

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Home Appraisal and Estate Planning

Estate Planning Worksheet Bernhardt Swisstrust Appraisal Portland Oregon
Congratulations on deciding to get your estate planning taken care of. This is one of the most responsible things that you can do as an adult. As you know, you want to make sure that everything in your estate is valued properly. It’s not enough to say, “Well, I paid $250,000 for my home twelve years ago, and I guess the price went up, so I’ll put it at $300,000.” You could be right, or you could be wrong.
Think of it as the same as a gold necklace. You paid $750 for it a few years ago, and you’ve heard that the price of gold has gone up, so you’ll call it an even $1,000. Again, you could be right, or you could be wrong. Should the IRS come calling, you want to be right. A professional appraisal will provide you with backup and support in case of an audit.

First, to put your mind and wallet at ease, the costs of appraisals are deductible expenses on estate tax returns and sometimes in estate planning, as well. Secondly, often the appraiser can assist your attorney in actually structuring your estate plan so that it will maximize your tax benefits by providing a strictly “value” point of view.

The appraisal that we do for you has another long-term benefit, as well. It will provide a benchmark for the value of your real estate so that subsequent appraisals will illustrate the movement in value.

What Exactly Is an Estate Plan?

That’s a Great question! Each estate plan is as unique as the individual who creates the plan. Your plan is a collection of legal documents drafted and executed with the guidance of a qualified estate planning attorney. The foundation of any estate plan is a Last Will and Testament which will provide instructions for the distribution of your assets upon your death; however, an estate plan can do much more than simply provide for the division of your assets when you die. Your plan may also include trusts, advanced directives relating to healthcare, and financial powers of attorney just to name a few additional options. Your personal legacy can also be incorporated into your estate plan through incentives to children and grandchildren that encourage them to strive for personal growth and academic achievement. It can be as boiler-plate or creative as you would like it to be.

An appraisal is an important document to have. Here are a few of the reasons you might want or need one.

• Estate Planning
• Sale to a relative
• Sale to a non-relative
• Dividing your estate among your heirs/beneficiaries
• Prior to listing your house for sale
• Partial interest, typically for income property
• Gifts and gift trusts
• Federal or state tax returns
• Determining the basis for capital gains tax

Aside from you, the people who will want this appraisal are attorneys, accountants and enrolled agents, trustees, executors and administrators. Have one done, get the copies made, and you’re ready for all requests.

Bernhardt Appraisal will simplify the appraisal process for you. Our number one concern is getting the job done right, and making it as easy for you as possible. To read more about estate planning, please just click here Estate Planning.

Why get appraisals in connection with estate planning?

Appraisals of privately held business interests (stock, partnership units, etc.) are required by IRS regulations to support values claimed on estate or gift tax returns.
A professional appraisal provides the client some insurance against an IRS audit and professional support in case of an audit.
Home Appraisal and Estate Planning…Home Appraisal and Estate Planning

The costs of appraisals are deductible expenses on estate tax returns and sometimes in estate planning (e.g., family limited partnerships).
Have a full appraisal report done on the most important pieces in your collection. An accredited appraiser can help determine which pieces require a full report. He or she can also help catalog and identify the rest of the collection.
Often the appraiser can assist an attorney in structuring an estate plan that will maximize the tax benefits for the client by providing the attorney with strictly a “value” point of view.
The appraisal can provide a benchmark of value for an asset or collection so that subsequent appraisals will illustrate the growth (or decline) in value.
Please let us make the appraising process easier for you?

The appraisal process can be confusing. Nathan says his job is to connect with you and simplify the process for you. Bernhardt Appraisals number one job as a real estate appraiser is to be credible.

What Exactly Is an Estate Plan?

Divorce Resources in Portland, Oregon

We know many people in the midst of a divorce sometimes need an appraiser to find the value of a mutual possession. Of course, there are many other needs when going through a divorce that are associated with matters that are legal in nature. We have put together a selection of sources we feel may be useful.
– Paralegal Services
– Oregon State Bar Association
– MBA Multnomah Bar Association
– Washington County Bar Association
– Clackamas County Bar Association
– Tax Law Lawyers in Oregon
– Estate Planning Lawyers Search
– Estate Planning Law Attorneys
– Portland Oregon Lawyer Search
– Legal Resources
– Legal & Professional
– Self-Help Resources
– Oregon Legal Resources
– Comprehensive Legal Resources
– Self-Representation State Links
– How to Appeal Your Property Taxes
– Property Tax Management Resources

Contact Us

Start the conversation…
How can I help with your real estate appraisal?

Divorce Resources in Portland, Oregon

We know many people in the midst of a divorce sometimes need an appraiser to find the value of a mutual possession. Of course, there are many other needs when going through a divorce that are associated with matters that are legal in nature. We have put together a selection of sources we feel may be useful.
– Oregon State Bar Association
– MBA Multnomah Bar Association
– Washington County Bar Association
– Clackamas County Bar Association
– Estate Planning Lawyers in Oregon
– Estate Planning Lawyers Search
– Estate Planning Attorneys
– Portland Oregon Lawyer Search
– Legal Resources
– Legal & Professional
– Self-Help Resources
– Oregon Legal Resources
– Comprehensive Legal Resources
– Estate Planning Apps & Software
– DIY Estate Planning

Contact Us

Start the conversation…
How can I help with your real estate appraisal?

The appraisal process can be confusing and difficult at the time of Estate Planning. Nathan says his job is to connect with you and simplify the process for you. At Bernhardt Appraisal, the number one job as a real estate appraiser is to be credible.

We have collected some videos that you may find helpful during this time.

Bernhardt Appraisal is proud to be associated with these reputable institutions.

Your-Chamber-North-Clackamas-Oregon Residential Real Estate Appraiser Bernhardt Appraisal
Proud-Thumbtack-Professional-Oregon Residential Real Estate Appraiser Bernhardt Appraisal
Oregon-State-Bar-Oregon Residential Real Estate Appraiser Bernhardt Appraisal
MTI-Education Bernhardt Appraisal - Home Appraiser in Portland Oregon 1024x643
Certified Probate Real Estate Specialist seal Bernhardt Swisstrust Appraisal Portland Oregon
Oregon Residential Real Estate Appraiser Bernhardt Appraisal

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