Estate Appraisal Services
Estate Appraisal Services in Massachusetts
At Daly Appraisal Services, we specialize in estate appraisals for commercial properties across Massachusetts, with offices in Springfield, Worcester, and Boston. Whether you're settling an estate, managing probate, or planning for the future, our accurate and unbiased appraisals provide the necessary valuation for legal and financial purposes. We work closely with attorneys, executors, and families to ensure compliance with estate laws and tax requirements.
What is an Estate Appraisal?
An estate appraisal determines the fair market value of a commercial property at the time of the owner's passing or at a designated date for estate planning purposes. This valuation is essential for:
Estate settlement – Assisting executors and heirs in property division.
Probate court proceedings – Ensuring compliance with legal requirements.
IRS tax reporting – Determining property value for estate tax purposes.
Trust and inheritance planning – Helping families plan asset distribution.
Gift tax assessments – Establishing value for donated or transferred assets.
Our Estate Appraisal Process
Our team follows a structured approach to ensure accurate valuations:
Consultation & Scope Determination – We work with attorneys, executors, or beneficiaries to understand the purpose of the appraisal.
On-Site Property Inspection – A thorough assessment of the property’s physical condition, improvements, and location.
Market Analysis & Valuation Methods – We use comparative market analysis, income valuation (for income-generating properties), and cost approach methodologies.
Detailed Appraisal Report – A comprehensive, legally compliant report is prepared for IRS filings or court proceedings.
Follow-Up Support – We assist with any questions or additional documentation required by legal or financial professionals.
Unique Estate Appraisal Considerations in Massachusetts
Massachusetts’ commercial real estate markets vary significantly based on location and property type. Understanding these local conditions ensures accurate estate valuations:
Boston: High-Value Estate Properties in a Dynamic Market
Estate properties in Boston’s Back Bay, Financial District, and Seaport often include high-value commercial assets such as office buildings, retail spaces, and mixed-use developments. Given the city's rising property values, estate appraisals are crucial for accurate tax reporting and equitable distribution among heirs.
Worcester: A Growing Market with Investment Potential
With increasing demand for multifamily properties, industrial warehouses, and medical office buildings, Worcester’s commercial market presents unique estate valuation challenges. Estate appraisals ensure fair division of inherited properties and help families navigate probate proceedings efficiently.
Springfield: Balancing Commercial & Industrial Assets in Estates
Springfield offers a mix of retail centers, industrial properties, and mixed-use developments, often included in estate portfolios. Properties in districts like Metro Center and East Springfield require specialized market knowledge to provide accurate valuations for estate settlements and tax filings.
Additional Resources on Estate Appraisals & Taxation
For more information on estate tax reporting and IRS appraisal requirements, check out these resources:
Contact Daly Appraisal Services
Estate appraisals require precision and compliance with legal and financial standards. We deliver professional, market-driven valuations to support estate planning, probate, and tax assessments.
📍 Springfield Office – Serving Western Massachusetts
📍 Worcester Office – Covering Central Massachusetts
📍 Boston Office – Providing appraisals for Greater Boston and surrounding areas
Contact us today to schedule an estate appraisal. Our expert appraisers are ready to assist with professional and confidential valuations.