Brian Ward Appraisal

Family Transaction Appraisal Service

Thank you for considering our Family Transaction Appraisal Service.

When property transfers between family members, establishing fair market value is essential for both IRS compliance and protecting the interests of all parties involved. Whether the transaction involves a gift, a below-market sale, or a discounted transfer, the IRS requires documentation that the transaction price reflects fair market value or is properly documented as a gift.

Our family transaction appraisals are characterized by:

• IRS Compliance: A professional appraisal establishes fair market value as required by the IRS for gift tax purposes. This documentation protects the transferor from audit risks and supports the valuation used in the gift tax return.
• Mutual Protection: Both the transferring family member and the recipient benefit from an objective third-party valuation that documents the property's fair market value at the time of transfer.
• Standard Appraisals Recommended: We recommend full standard appraisals for family transactions rather than desktop appraisals, as the more detailed inspection and analysis provides stronger support if the IRS ever questions the valuation.
• Clear Documentation: Our comprehensive appraisal report clearly establishes the property's fair market value, providing documentation that satisfies both the transferor's tax obligations and the IRS's requirements.
• Dispute Prevention: A professional appraisal can help prevent future disputes among family members about the true value of the transferred property.

Family property transfers require careful attention to tax and legal requirements. Our professional appraisals provide the documentation needed to ensure the transaction is properly valued and documented for IRS compliance, protecting both parties and preventing future misunderstandings.