Probate And Deceased Estate Valuations

Probate And Deceased Estate Valuations

Herron Todd White provides independent Probate And Deceased Estate Valuations backed by local expertise and national consistency.

Frequently Asked Questions

What is a probate valuation?

A probate valuation sets a property's market value as at the date of death. Executors use it to administer the estate, divide assets fairly between beneficiaries, and support capital gains tax obligations if the property is later sold.

Is a formal valuation required for probate?

Not always. Requirements vary between states and depend on the estate. An agent's appraisal is sometimes accepted for simple estates, but a formal valuation from a qualified valuer gives stronger evidence. It can help prevent disputes between beneficiaries and support accurate tax reporting later.

Can you value the property months or years after the date of death?

Yes. We can value the property as at the date of death at any point afterwards, using sales evidence from that time. Many executors order the valuation once they've started administering the estate.

What if the property has been cleared out or changed since the date of death?

We value the property as it was on the date of death. Send us any photos, records, or descriptions of its condition at the time, and your valuer will use them to set aside later changes.

Who usually orders the valuation?

Usually the executor, or the solicitor acting for the estate. Beneficiaries can also order a valuation, but it's best to coordinate with the executor so the estate relies on a single, agreed figure.

Does the valuation recommend whether to sell or keep the property?

No. A probate valuation determines the property's value at a specific date. If you'd like advice on whether to sell, keep, or rent the property, our advisory team can help separately.