Estate and Date-of-Death Appraisals
Bergen County estates are handled by the Bergen County Surrogate, Two Bergen County Plaza, 5th Floor, Suite 5000, Hackensack (NJ Courts). Executors typically need a date-of-death value for three reasons: to report stepped-up basis to the IRS, to divide property fairly among heirs, and to support a sale or buyout. With Bergen values, the basis difference alone can be significant.
Our estate and date-of-death appraisals are retrospective. We value the property as it stood on the date of death, using sales from that period rather than today's market.