Millwright Equipment Appraisers

PROBATE & ESTATE SETTLEMENT

Equipment Appraisal for Probate

Equipment appraisal services for probate covering date-of-death fair market value, estate settlement, and equitable distribution among heirs. Millwright Equipment Appraisers prepares USPAP-compliant probate reports on machinery and equipment nationwide.

When someone who owned business, construction, or agricultural equipment passes away, the estate needs a formal valuation of that equipment to move through probate, establishing what it was worth as of the date of death. Our appraisers determine fair market value, document the market evidence behind it, and deliver a written report prepared in accordance with USPAP (Uniform Standards of Professional Appraisal Practice).

The report supports estate inventory, estate tax calculations, equitable distribution among heirs, and probate court requirements, whether the equipment is heavy machinery, a working farm fleet, or a single shop machine.

EQUIPMENT COVERED

Machinery and Equipment We Appraise for Probate and Estate Settlement

We appraise the full range of machinery and equipment that turns up in an estate, from a single shop machine to an entire working fleet:

  • Construction & Earthmoving

    • Excavators
    • Bulldozers
    • Wheel loaders
    • Backhoes
    • Cranes
    • Telehandlers

  • Agricultural & Farm Equipment

    • Tractors
    • Combines
    • Harvesters
    • Sprayers
    • Balers
    • Grain handling

  • Industrial & Plant Machinery

    • CNC machines
    • Presses and brakes
    • Conveyor systems
    • Processing lines
    • Generators

  • Shop, Trade & Material Handling

    • Forklifts
    • Welders and compressors
    • Lathes and mills
    • Woodworking machinery
    • Fixed shop equipment

METHODOLOGY

How Your Probate Equipment Appraisal Works

  1. 01

    Request and scope

    Tell us the equipment, the estate, and the valuation date. We confirm whether you need a current value or a retrospective value as of the decedent's date of death.

  2. 02

    Inspection and data

    We inspect on site or review detailed photos, serial numbers, hour meters, and maintenance records to document each asset's condition as of the valuation date.

  3. 03

    Market analysis

    We analyze comparable sales, auction results, and dealer data from the relevant period to support a defensible fair market value conclusion.

  4. 04

    USPAP report

    You receive a written report prepared in accordance with USPAP, ready for the probate court, the estate's attorney, and IRS estate tax filings.

INTENDED USE

Probate Equipment Appraisals Support Estate Settlement, Tax Reporting, and Equitable Distribution

  • Estate Settlement & Executor Duties

    Independent fair market value so executors and administrators can inventory and settle the estate's machinery and equipment.

  • Estate Tax Reporting

    Valuations prepared in accordance with IRS requirements for federal estate tax (Form 706) and state estate filings.

  • Equitable Distribution Among Heirs

    Defensible per-asset values so equipment can be divided fairly or bought out among heirs and beneficiaries.

  • Retrospective Date-of-Death Value

    Appraisals that establish value as of the decedent's date of death, even when the appraisal is ordered months or years later.

  • Sale or Liquidation of Estate Assets

    Orderly liquidation value to price equipment for sale when the estate chooses to sell rather than distribute it.

CREDENTIALS

Credentialed Machinery and Equipment Appraisers

Our appraisers hold designations with leading professional bodies and prepare every report in accordance with USPAP.

American Society of Appraisers

ASA

NEBB Institute

Certified Machinery & Equipment Appraiser (CMEA)

Certified Appraisers Guild of America

CAGA

The Appraisal Foundation

USPAP-Compliant

NationwideService Coverage
USPAPReporting Standard

COMMON QUESTIONS

Probate Equipment Appraisal Questions

Why does probate require an equipment appraisal?

Probate courts require an inventory of the estate's assets at fair market value. Machinery and equipment have to be valued so the estate can be settled, estate tax can be calculated, and assets can be distributed or sold. A USPAP-compliant appraisal gives the court and the IRS an independent, defensible figure.

What value date do you use for a probate appraisal?

Most probate and estate tax appraisals use fair market value as of the decedent's date of death. Some estates elect the alternate valuation date six months later. We confirm the correct valuation date with you or the estate's attorney before we begin.

Can you appraise equipment as of a past date of death?

Yes. We prepare retrospective appraisals that establish value as of the date of death using market data from that period, even when the appraisal is ordered months or years after the passing.

Who typically orders a probate equipment appraisal?

Executors, administrators, estate attorneys, and CPAs order these appraisals. We work directly with whoever is administering the estate and deliver a report addressed to the estate.

Will the report meet estate tax and probate court requirements?

Every report is prepared in accordance with USPAP and to meet IRS requirements for estate tax (Form 706). The court and the IRS make the final acceptance decision, but the report is built to be defensible and complete.

Get Started

Request an Appraisal

Tell us about the estate's equipment and we will respond within one business day.