Appraisal for a trust or trustee

When a home is held in a living trust, the successor trustee usually takes over after a death. Knowing the home's value helps with keeping records, dividing it among beneficiaries or selling it.

Why trustees order one

An independent value helps show beneficiaries the trustee acted fairly, supports a buyout or distribution, and gives the CPA a date-of-death figure.

Which date?

Usually the date of death, but sometimes the date of distribution or another date. Your attorney or CPA picks the date; put it in your order notes.

Neutral by design

Sam has no stake in the outcome and is paid the same whatever the value.

Quick answers

Does a trustee need an appraisal?

Often trustees use one to document value for beneficiaries and taxes. Ask the trust's attorney what's needed.

Can you appraise as of the date of death for a trust?

Yes. Sam can value the home as of the date of death or another date you need.

This page is general information, not legal advice. Talk with your attorney or CPA about your situation.

More estate questions

• Do I need an appraisal when someone dies in Utah?
• Date-of-death appraisal and stepped-up basis
• Probate appraisal in Utah
• Selling or dividing an inherited house among siblings
• Retrospective appraisal if the death was years ago
• Estate appraisal overview