Real Estate Appraisals for Estate Use, while similar to appraisals for lending, buying and selling, are not the same thing. For example, appraisals for estate use are based upon the date of death (DOD) of the decedent, rather than the date the appraiser inspected the property.
Personal Property Appraisals are the valuation of any non-real property owned by the decedent at the time of their passing. They are requirement of the Probate Court and also valued as of the DOD.
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