<meta name="google-site-verification=bquPhtzsuHd1otiE3rFFMGsufZqEFInDv9si16xcb04/>

My New Blog

Understanding Date of Death Appraisals and Their Importance in Westside Los Angeles
April 17th, 2025 1:31 PM

Understanding Date of Death Appraisals and Their Importance in Westside Los Angeles

Hand offering a piece of real estate to an inheritor, symbolizing a time of death appraisal process by Pacific Home Appraisers

Westside Los Angeles is home to some of the most desirable and highest-value real estate in Southern California. From luxury residences in Brentwood and Holmby Hills to modern condos in Westwood and architectural homes in Cheviot Hills, properties in this area are frequently part of significant estates. When a property owner passes away, a certified Date of Death Appraisal becomes a vital component of the estate process—helping attorneys, fiduciaries, and heirs accurately assess and manage real property assets.

If you're involved in an estate or trust matter in Westside Los Angeles, understanding how a Date of Death Appraisal works and why it matters is essential to ensuring tax compliance, legal accuracy, and financial fairness.


What Is a Date of Death Appraisal?

A Date of Death Appraisal is a certified real estate valuation that determines the fair market value of a property as of the day the owner passed away. Unlike a current appraisal, this is a retrospective appraisal, using market conditions and comparable property sales from the time of death—not from the present day.

This type of appraisal is typically required for:

  • Probate and court filings

  • IRS estate tax reporting (Form 706)

  • Trust accounting and fiduciary administration

  • Establishing a stepped-up basis for capital gains calculations

  • Equitable asset distribution among heirs or beneficiaries


Why It’s Essential in Westside Los Angeles

1. IRS and Estate Tax Compliance

High-end real estate in Westside Los Angeles often pushes estate values well over the federal tax exemption limit. Neighborhoods like Holmby Hills, Brentwood Park, and Little Holmby regularly feature homes valued in the multi-million-dollar range. A certified appraisal ensures that estate tax filings are accurate, legally compliant, and defensible in the event of an IRS review.

2. Stepped-Up Basis for Capital Gains

A stepped-up basis adjusts the property’s tax basis to reflect its market value at the date of death, significantly reducing capital gains liability for heirs who later sell the property. A certified Date of Death Appraisal is required to document this value and establish the appropriate tax basis.

3. Fair Distribution of Estate Assets

When multiple heirs are involved, a third-party appraisal offers a neutral valuation that ensures fairness. Whether the property is sold or retained, the certified value supports transparency and reduces the risk of disputes.

4. Fiduciary Responsibility and Legal Documentation

Attorneys, trustees, and fiduciaries are held to strict legal and ethical standards. Probate courts and tax authorities require USPAP-compliant appraisals to verify real estate values in estate settlements. A certified Date of Death Appraisal satisfies these requirements.


Understanding the Westside Los Angeles Real Estate Market

Westside Los Angeles is a collection of elite neighborhoods, each with unique characteristics that influence property value. Notable areas include:

  • Brentwood – Large estates, gated communities, and high-end custom homes

  • Cheviot Hills – Quiet streets, character homes, and walkability to studios and parks

  • Westwood – A mix of luxury condos, family homes, and proximity to UCLA

  • Holmby Hills – Among the most exclusive enclaves in Los Angeles, with estate properties and celebrity ownership

  • Century City – High-rise living with resort-style amenities and a central location

  • Beverly Glen and Bel Air Adjacent – Canyon homes with views and privacy

Each neighborhood comes with its own pricing drivers, including lot size, view orientation, architecture, historical value, and zoning considerations. Accurate valuation requires hyper-local expertise.


What’s Included in a Date of Death Appraisal?

A certified appraisal from Pacific Home Appraisers includes:

  • Full interior and exterior property inspection (when accessible)

  • Market analysis using comparable sales from the date of death

  • Adjustments for square footage, upgrades, lot features, views, and condition

  • Parcel maps, assessor records, zoning data, and high-resolution photos

  • A USPAP-compliant PDF report with a certified opinion of value

Our reports are legally accepted by probate courts, the IRS, attorneys, CPAs, and trustees.


Who Typically Orders a Date of Death Appraisal in Westside Los Angeles?

  • Estate attorneys handling probate court filings

  • CPAs and tax professionals completing IRS estate tax returns

  • Trustees and fiduciaries managing trust distributions

  • Heirs and beneficiaries evaluating inherited real estate

  • Real estate agents preparing homes for estate sale

  • Court-appointed representatives resolving contested or complex estates


Our Appraisal Process

1. Consultation

We begin by confirming the date of death, property access, purpose of the appraisal, and any time-sensitive requirements. We also offer rush delivery service if the situation demands it.

2. Property Inspection

Our certified appraiser inspects the property, documenting layout, condition, upgrades, and distinguishing features. If interior access is unavailable, we offer desktop and exterior-only appraisal options based on public and historical records.

3. Market Research and Comparables

We identify similar property sales near the date of death and apply adjustments to reflect differences in size, amenities, lot configuration, and location nuances.

4. Report Delivery

Standard turnaround is five to seven business days, with 48-hour rush service available. Reports are delivered in PDF format and suitable for submission to courts, legal teams, or tax professionals.


Frequently Asked Questions

Can I get the appraisal done long after the date of death?

Yes. Retrospective appraisals are common and can be completed months or years after the date of passing, as long as historical sales data is available.

Will the IRS and probate court accept the report?

Absolutely. Our reports are USPAP-compliant and certified, meeting the standards for legal, tax, and fiduciary use.

Do I need a separate appraisal for each property in the estate?

Yes. Each property requires its own certified appraisal. We offer discounted rates and bundled scheduling for estates with multiple real estate assets.


Why Choose Pacific Home Appraisers in Westside Los Angeles?

With over 5,000 certified appraisals completed across Southern California, Pacific Home Appraisers is the trusted name in probate, trust, and estate appraisals. Our deep understanding of Westside Los Angeles real estate—from Brentwood to Century City—ensures accurate, timely, and court-ready valuations.

Why Clients Trust Us:

  • Extensive experience in luxury and estate-level residential properties

  • Trusted by IRS, courts, attorneys, and fiduciaries

  • Certified, USPAP-compliant reports accepted for all legal and tax purposes

  • Fast delivery: five to seven business days, with 48-hour rush available

  • Professional, responsive, and confidential service throughout the process


Request a Certified Date of Death Appraisal in Westside Los Angeles

An Appraiser is doing Appraisal-Pacific Home Appraisers

If you're managing an estate and need a certified Date of Death Appraisal in Westside Los Angeles, contact Pacific Home Appraisers today.

Call 818-880-1466
Visit www.pacifichomeappraisers.com to schedule your appraisal or learn more.

We’re here to support you with clarity, accuracy, and professionalism—every step of the way.


Posted by Tony Kiani on April 17th, 2025 1:31 PMPost a Comment

Subscribe to this blog

Archives:

My Favorite Blogs:

Sites That Link to This Blog: