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Valuation for Estates & Trusts

BBG works with Estate Planning Attorneys, Trustees, Property Asset Management and Private Individuals to provide real estate valuation services and expert witness testimony to assist their clients with all aspects of estate and trust planning, including tax implications.

 Estate Tax 

Estate tax appraisals are prepared in connection with the filing of an estate tax return. Valuation can be as of either the date of death, or six months after the date of death, or as of both dates. We have extensive experience in preparing estate tax appraisals for individuals. We have worked on both small estates that include a single property and large estates that are comprised of numerous properties. We also have experience in defending our valuations in meetings with the representatives of the Internal Revenue Service in case of an IRS audit of the estate tax return and if necessary testifying in Federal Tax Court. 

Estate Planning 

Estate planning appraisals are prepared in connection with various transactions such as gifts and sales which are undertaken for estate planning purposes. These appraisals are prepared as of a current and/or retrospective valuation dates and may include discount for a partial interest. 

Gift Tax 

Gift tax appraisals are prepared for individuals who intends to gift all or a portion of their property to one or more family members who are typically children or descendants of a younger generation. All gift tax appraisals will comply with the qualified appraisal requirements of the Internal Revenue Service. These appraisals are also prepared as of a current date of value and may include the discount of a partial interest. 

Partial Interest 

Typically, individuals do not own 100% interests in the real estate. Instead they own partial interests in the real estate, or a partial interest in an entity (limited liability company, partnership or corporation) which in turn owns the real estate. We have experience in valuing partial interests in real estate, as well as partial interests in entities. These valuations include modifications for other assets such as cash and liabilities such as mortgage debt in order to arrive at the property’s equity value. We also are experienced in determining, supporting and applying discounts for the lack of marketability and control. 

Trusts 

Families often own properties in ongoing family trusts. The real estate owned by trusts may need to be valued from time to time for the purpose of fiduciary compensation or distribution. We have experience in working with trust departments and individual trustees to appraise properties that are in held trusts. 

Service Leader

Louis Izenberg, MAI, SRA

Managing Director

Louis Izenberg is Managing Director at BBG Inc. in the New Jersey office, formerly known as Izenberg Appraisal Associates.  He has been providing appraising and consulting services since 1985 with a concentration in litigation.  His practice is diversified encompassing the valuation and evaluation of commercial, industrial, special purpose and large complex residential projects.

Mr. Izenberg’s experience includes subdivision analysis, feasibility studies, regional and community shopping centers, malls, office buildings, manufacturing and warehouse properties, apartment complexes, cooperative buildings, mobile home parks, adult health care facilities, quarries, hotels/motels, casinos and golf & country clubs.

Bundled Services

One-stop shop for valuation + assessment services.

Specialty Practices

Affordable Multifamily

Healthcare

Multi-Housing Communities and Campgrounds

Right of Way

Financial Reporting

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Hospitality

Car Wash

Seniors Housing

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