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<p class="MsoNormal">Depends on plan and use.<o:p></o:p></p>
<p class="MsoNormal"><o:p> </o:p></p>
<p class="MsoNormal">Estate tax return- Yes. Get an appraisal<o:p></o:p></p>
<p class="MsoNormal">No estate tax return- I would just get a realtor market analysis or use sales price if selling because the property is likely a higher value for step up in basis purposes.<o:p></o:p></p>
<p class="MsoNormal"><o:p> </o:p></p>
<p style="FONT-SIZE: 10pt; FONT-FAMILY: ARIAL"><br><strong>Marcus
J. Fry</strong><br>Attorney | Witherspoon • Kelley<br><a href="mailto:mjf@witherspoonkelley.com">mjf@witherspoonkelley.com</a> | <a href="https://www.witherspoonkelley.com/marcus-j-fry">Attorney Profile</a>
| <a href="https://www.witherspoonkelley.com/s/mfj.vcf">vCard</a></p><br>
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<p style="FONT-SIZE: 10pt; FONT-FAMILY: Arial" align="right"><font color="#ffffff">222 N. 3rd Street<br>Yakima, WA 98901<br>(509)
248-7220 (office)<br>(509) 575-1883 (fax)<br>witherspoonkelley.com</font></p></td></tr></tbody></table><font color="#828282"><span style="FONT-SIZE: 8pt"><br><em>Confidentiality Notice: The
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<p class="MsoNormal"><b>From:</b> wsbapt-bounces@lists.wsbarppt.com <wsbapt-bounces@lists.wsbarppt.com>
<b>On Behalf Of </b>Morgan Madison<br>
<b>Sent:</b> Friday, August 5, 2022 11:48 AM<br>
<b>To:</b> wsbapt@lists.wsbarppt.com<br>
<b>Subject:</b> [WSBAPT] 6-month-old commercial appraisal for valuation?<o:p></o:p></p>
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<p class="MsoNormal"><o:p> </o:p></p>
<p class="MsoNormal">Listmates: <o:p></o:p></p>
<p class="MsoNormal"><o:p> </o:p></p>
<p class="MsoNormal">Decedent passed away owning an LLC interest. The LLC’s only asset is commercial real estate that was appraised 6 months
<i>before</i> death for a refinance. Will this appraisal suffice to establish the asset value, or must the PR obtain a new appraisal?
<o:p></o:p></p>
<p class="MsoNormal"><o:p> </o:p></p>
<p class="MsoNormal">Thanks for your input.<o:p></o:p></p>
<p class="MsoNormal"><o:p> </o:p></p>
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<p class="MsoNormal"><b><span style="font-size:12.0pt;font-family:"Century Gothic",sans-serif;color:#F36F5F">Morgan K. Madison<o:p></o:p></span></b></p>
<p class="MsoNormal"><b><span style="font-size:9.0pt;font-family:"Century Gothic",sans-serif;color:#7E6662">ATTORNEY<o:p></o:p></span></b></p>
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<p class="MsoNormal"><b><span style="font-size:9.0pt;font-family:"Century Gothic",sans-serif;color:#7E6662">253.222.7778<o:p></o:p></span></b></p>
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<p class="MsoNormal"><span style="font-size:9.0pt;font-family:"Century Gothic",sans-serif;color:#7E6662">3812 North 26<sup>th</sup> Street, Suite B<o:p></o:p></span></p>
<p class="MsoNormal"><span style="font-size:9.0pt;font-family:"Century Gothic",sans-serif;color:#7E6662">Tacoma, WA 98407<o:p></o:p></span></p>
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<p class="MsoNormal"><b><span style="font-size:9.0pt;font-family:"Century Gothic",sans-serif;color:#7E6662">madeira-legal.com</span></b><b><span style="font-size:9.0pt;font-family:"Century Gothic",sans-serif"><o:p></o:p></span></b></p>
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<p class="MsoNormal"><span style="font-size:9.0pt;color:#7D6562">NOTICE: This communication may contain confidential information, material protected by attorney-client privilege, or attorney work product. If you have received it in error, please advise the
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