Trust
Appraisals

The assignment is an appraisal of the real estate interest held in trust, concluded under a defined value definition and intended use appropriate to the trust administration need. The effective date is set to the relevant point (current or a specific past date). The deliverable is a written appraisal report documenting the scope, property, evidence, and value conclusion.

Trustees, their attorneys, and beneficiaries' advisors use trust appraisals when a trust holds commercial real estate and a supported value is needed for administration, distribution, or accounting. For example, a trustee distributing trust assets that include an interest in a commercial property may need a current value to do so equitably.

The analysis considers the property interest held in trust, the property's characteristics and condition, market conditions, the applicable value definition, and the intended use. The valuation approaches applied depend on the property type and data. The conclusion is a supported opinion of value to inform trust administration, not a distribution recommendation.

We begin by discussing the trust administration need and the value required to confirm scope and the effective date. After agreeing on scope, we inspect the property when appropriate, research comparable market evidence, analyze the data, and deliver a written appraisal report. Scope, fees, and timing depend on the property and the administration need.