Understanding the Importance of Date of Death Appraisals – El Segundo
When a loved one passes away, managing their estate is a process that involves both emotional care and legal accuracy. One of the most important steps is obtaining a Date of Death (DOD) appraisal, which establishes the fair market value of a property as of the date the decedent passed away. In a distinctive and growing community like El Segundo, where real estate includes everything from coastal condos to custom-built homes near tech campuses, a certified appraisal is essential for probate filings, estate tax reporting, and the fair division of real estate assets.
At Pacific Home Appraisers, we provide professional, USPAP-compliant Date of Death appraisals in El Segundo, trusted by attorneys, CPAs, trustees, and families throughout Los Angeles County.
A Date of Death appraisal, also called a retrospective appraisal, estimates the market value of a property as of the date of the owner’s passing. It uses real estate data and comparable property sales from that specific time period, rather than today’s market conditions.
In El Segundo—where neighborhood character and proximity to the beach, downtown, and employment centers influence value—an accurate DOD appraisal depends on local expertise and a solid understanding of market trends.
1. IRS and Estate Tax Compliance If the estate’s value exceeds the federal exemption limit, the IRS requires a certified appraisal to support property values reported on Form 706. A DOD appraisal ensures the information is accurate and legally defensible.
2. Step-Up in Basis for Heirs An appraisal provides the fair market value of a property at the time of death, which becomes the new tax basis. This can significantly reduce capital gains tax if the property is sold in the future.
3. Equitable Asset Distribution When there are multiple beneficiaries, a neutral third-party appraisal ensures a fair division of real estate assets—especially if one party retains the property while others are compensated.
4. Probate and Trust Requirements Los Angeles County probate courts and trust administrators require USPAP-compliant appraisals to document real estate value. A certified DOD appraisal satisfies this legal requirement.
You may need a DOD appraisal if:
You are the executor, administrator, or trustee of an estate with property in El Segundo
The estate must file IRS Form 706
The property will be retained, sold, or divided among heirs
You are working with a CPA or estate attorney
You need to establish a stepped-up tax basis for inherited real estate
Even if there are no plans to sell the property, the appraisal is essential for legal and financial documentation.
1. Property Review We analyze the size, condition, upgrades, layout, location, and lot features of the property. If interior access is unavailable, we use public records, prior MLS listings, and photographs to document the property as it existed on the date of death.
2. Historical Market Research We select comparable sales from the relevant time period in neighborhoods throughout El Segundo—such as East El Segundo, Downtown, and areas near Grand Avenue. Each sale is adjusted for location, condition, and amenities.
3. Sales Comparison Approach We use the adjusted comparable sales to estimate the market value of the subject property as of the date of passing.
4. Certified USPAP-Compliant Report Your appraisal report is prepared according to the Uniform Standards of Professional Appraisal Practice, ensuring it meets the requirements of the IRS, probate courts, and legal professionals.
In addition to Date of Death appraisals, Pacific Home Appraisers also offers:
Divorce Appraisals – Independent, fair valuations for property division
Expert Witness Appraisals – Defensible reports and testimony for legal disputes
Appraisals for Any Intended Use – Including pre-listing, refinancing, estate planning, gifting, and tax appeal
Each report is tailored to reflect your specific legal or financial needs.
El Segundo’s real estate is shaped by its coastal proximity, community charm, and thriving business environment. Accurate appraisals here require not only technical skill but also deep market insight.
With over 5,000 completed appraisal assignments, Pacific Home Appraisers offers:
Turnaround time of five to seven business days
Rush delivery available within forty-eight hours after inspection
Reports accepted by courts, CPAs, attorneys, and the IRS
Responsive service and detailed communication every step of the way
Can a DOD appraisal be completed long after the date of passing Yes. These retrospective appraisals can be completed months or even years later using historical data from the appropriate time.
Is an appraisal required if the property is not being sold Yes. A certified appraisal is still necessary for establishing a stepped-up basis and for legal or tax reporting purposes.
Can I use the county assessor’s value instead No. Assessed values are for tax purposes only and are not acceptable for probate or IRS documentation. A certified appraisal is required.
If you’re managing a trust, estate, or probate settlement in El Segundo, rely on Pacific Home Appraisers for certified, timely, and legally compliant real estate valuation services.
Call 818-880-1466 Email kiani105@yahoo.com Visit www.pacifichomeappraisers.com