Understanding the Importance of Date of Death Appraisals – Altadena
Settling the estate of a loved one requires both emotional strength and legal precision. One of the most critical components of this process is securing a Date of Death (DOD) appraisal, which determines the fair market value of real property as of the date the decedent passed away. In a unique and historically rich market like Altadena, where homes range from early 20th-century bungalows to hillside estates with sweeping views, a certified appraisal is essential for probate, IRS reporting, and fair distribution of assets among heirs.
Pacific Home Appraisers provides professional, court-compliant Date of Death appraisals across Altadena, trusted by attorneys, CPAs, fiduciaries, and families throughout Los Angeles County.
A Date of Death appraisal, also referred to as a retrospective appraisal, estimates the value of a property based on real estate conditions at the time of the property owner’s passing. It uses historical sales data and market analysis relevant to that specific date—not current market figures.
In Altadena, where neighborhood character varies block by block—from the historic Craftsman-lined streets to mid-century homes in the foothills—an accurate appraisal requires localized insight and professional experience.
1. IRS and Estate Tax Compliance When an estate exceeds federal exemption thresholds, the IRS mandates a certified appraisal to report property values accurately on Form 706. A DOD appraisal ensures compliance and avoids audit risks.
2. Step-Up in Basis for Heirs A Date of Death appraisal provides official documentation of a property’s adjusted market value, which can help reduce capital gains taxes when the property is later sold by heirs.
3. Fair Division of Inherited Property For estates with multiple beneficiaries, a third-party appraisal supports objective and fair asset distribution—especially if one heir retains the home and others are compensated.
4. Probate and Trust Requirements Courts in Los Angeles County require USPAP-compliant appraisals for property listed in probate filings and trust reports. A certified DOD appraisal satisfies this legal obligation.
You need a DOD appraisal if:
You are the executor, administrator, or trustee of an estate with real property in Altadena
The estate is involved in probate or trust administration
You are working with a CPA or estate attorney on estate tax filing
The property will be retained, sold, or divided among heirs
You are preparing IRS Form 706
You need to establish a stepped-up tax basis for future planning
Property Evaluation We evaluate the property’s location, square footage, layout, design, condition, lot size, and any upgrades or views. If the property is inaccessible, we utilize historical MLS data, aerial photos, and public records.
Historical Market Research We study comparable home sales from the time of death in neighborhoods such as Meadows, Janes Village, and the Altadena Country Club area. All sales are carefully selected for relevance and accuracy.
Sales Comparison Approach We adjust comparable sales for location, condition, square footage, and amenities to determine the most accurate market value as of the date of passing.
Certified USPAP-Compliant Report Our appraisal reports comply with the Uniform Standards of Professional Appraisal Practice and are accepted by probate courts, the IRS, financial institutions, and legal professionals.
Along with Date of Death appraisals, Pacific Home Appraisers provides:
Divorce Appraisals – Independent valuations to support equitable property division
Expert Witness Appraisals – Defensible valuations and testimony for legal disputes
Appraisals for Any Intended Use – Including refinancing, gifting, estate planning, pre-listing, or tax appeal cases
Each report is tailored to your legal, tax, or personal requirements with a focus on accuracy and professionalism.
Altadena is known for its character homes, custom builds, and large lots nestled against the San Gabriel Mountains. From modern hillside retreats to classic Spanish estates, the area demands a skilled and locally experienced appraiser.
With over 5,000 completed assignments, Pacific Home Appraisers offers:
Turnaround within five to seven business days
Rush delivery available within forty-eight hours upon inspection
Reports accepted by the IRS, probate courts, and legal professionals
Exceptional service and detailed communication for families, attorneys, and CPAs
Can a Date of Death appraisal be completed long after the decedent’s passing Yes. Retrospective appraisals can be completed months or years later using historical sales data from the relevant period.
Do I need an appraisal if the property is not being sold Yes. The appraisal is necessary for estate tax documentation and to establish a stepped-up basis for tax purposes.
Is the tax assessor’s value acceptable for estate filings No. Assessor values are designed for property taxation and are not accepted by courts or the IRS for probate or estate reporting. A certified appraisal is required.
If you are handling a probate case, trust, or estate settlement in Altadena, rely on Pacific Home Appraisers for certified, timely, and court-compliant real estate valuations.
Call 818-880-1466 Email kiani105@yahoo.com Visit www.pacifichomeappraisers.com