Probate Court Proceedings and Appraisal

Appraisals for Probate Court Proceedings.
There are many situations when an appraisal of personal property is needed for probate and estates.  If someone calls and says “I need an estate appraisal”, a few additional questions should be answered so the proper service can be provided.  Depending on the circumstances, they may need an appraisal of the entire residential contents or just a specific list of items.

The intended use of the appraisal will guide us in the right direction:

ESTATE TAX: Required by the Internal Revenue Service and many states. If the total estate is over a certain value threshold (currently at $5 million), then everything needs to be appraised and valued as of the date of death (or alternate date). The IRS requires a room by room inventory of the complete residential contents. Items of low value under $100 Fair Market Value can be grouped together with similar items. Many states follow the Federal level; however several states have a much lower threshold requiring an appraisal.

EQUITABLE DISTRIBUTION: To divide up items from the estate equally among the heirs. This may require an appraisal of the total contents or a specific list of items, depending on the needs of the estate and the heirs.

ESTABLISH A BASIS: Valuing assets or a collection at a specific point in time can provide a benchmark so that the basis can be stepped up to the current value as of the date of death. It can provide a comparison at a later time to illustrate growth or decline in value.

PROBATE: The probate court will require an inventory and appraisal of the estate assets.

TRUST INVENTORY: The majority of estates are part of an established trust. An inventory and appraisal establishes the value of the property at the time it became subject to the trust.

ESTATE PLANNING: Planning for the future of an estate or collection is also important. An appraisal can provide a valuable tool so that owners can plan in advance for tax, distribution or donation. It can provide peace of mind for collectors to know how their treasured objects will be handled after they are gone.

Divorce Resources in Portland, Oregon

There are a variety of reasons for needing an appraisal of personal property for estates. Let Bernhardt Appraisal simplify the process. We have found some of these resource invaluable.
– Paralegal Services
– Mediation Services in Portland
– Washington County Circuit Court
– MBA Multnomah Bar Association
– Washington County Bar Association
– Clackamas County Bar Association
– Probate Lawyers Search
– Family Law Attorneys
– Portland Oregon Probate Lawyer Search
– Legal Resources
– Legal & Professional
– Sandra G. Stone

Contact Us

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

Divorce Resources in Portland, Oregon

There are a variety of reasons for needing an appraisal of personal property for estates. Let Bernhardt Appraisal simplify the process. We have found some of these resource invaluable.
– Paralegal Services
– Mediation Services in Portland
– Washington County Circuit Court
– MBA Multnomah Bar Association
– Washington County Bar Association
– Clackamas County Bar Association
– Probate Lawyers Search
– Family Law Attorneys
– Portland Oregon Probate Lawyer Search
– Legal Resources
– Legal & Professional
– Sandra G. Stone

Contact Us

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

The appraisal process can be confusing and difficult when you are in the midst of probate court proceedings or preparing for the process. 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.

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

Latest Posts

Showcasing Portland Neighborhoods

Showcasing Portland Neighborhoods Hawthorne District – This District is a tourist hot spot and the go-to place for locals to relax. Live music, street performers and old style theatres, and some 30 independent restaurants serving every type of food you can think of,...

A More Amicable Divorce Option

Facing a divorce is a loaded situation. It is loaded with sadness and sometimes anger, confusion, fear, disappointment, and even despair. Oregon’s divorce rate is roughly two percent higher than that of the rest of the country. If you haven’t been divorced yourself,...

Schedule Your Home Appraisal

Doing our job, doing appraisals right, doing right by our clients and associates.

Call OR Text Us at 971.230.4242

 

Share This