Appraisal Importance

An Executor or Estate Administrator has many responsibilities and legal obligations when winding up a deceased estate. One is to ensure that the assets of the estate are valued accurately.

Appraising assets can be a complicated affair. Regardless of whether the estate is small and the assets are minimal, or if the estate has vast holdings such as various properties, the Executor/Administrator has a legal responsibility to ensure that the appraisals are accurate, credible, and reliable.

The assets must be appraised as of the date of death to ensure that the estate is receiving Fair Market Value for its assets. Although Executors and Administrators will be acting in good faith, errors – or disagreements and the perception of errors – can result in the unwanted delay in winding up the estate.

As an Executor, you can protect yourself by engaging the services of a qualified professional appraiser, insuring an accurate valuation of the assets in an estate.

How Can LEAVA Help?

Leava has a nationwide network across South Africa, with combined decades of experience with highly qualified appraisers and valuers. We will provide you with appraisal reports, including the SARS 246 form, that are accurate, credible, and reliable.

Leava Valuations is becoming a leading provider of independent valuation and appraisal services. Leava’s valuations and appraisals have been relied upon by leading insurance companies, public and private companies, property owners and managers, tax authorities, accounting bodies, courts, municipalities, and financial institutions across South Africa.

Contact LEAVA for all deceased estate appraisals info@leava.co.za.