Tax Law (Questions About Taxes)/Real Estate upon Death


Father-in-law just passed and left his house to sons.  Was told appraisal on house value should be done soas to reduce sons' tax burdens later on in a future sale of property.  When talking to realtor they would do market analysis but we would have to list house for sale.  Not an option as one of the brothers will continue to live there till his own demise.  Can we print out estimate from instead ?  Thanks.


You can use Zillow as an estimate of the FMV.  I would suggest talking to another Realtor.  Most would be willing to give you an estimate of the FMV - it doesn't have to be a full market analysis, just an expert opinion.

Hope this helps.

John Stancil, CPA

Tax Law (Questions About Taxes)

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John Stancil, CPA


I can answer questions on personal income taxes, partnerships, and some corporate income taxes. I can deal with some state tax questions. Limited gift and estate tax questions. I am also familiar with ministerial and church tax reporting issues. I am Professor Emeritus at Florida Southern College. Sales taxes and property taxes are state and local issues so I am not likely be be able to give you an in depth answer on those types of taxes. I have maintained a CPA practice, specializing in tax, for over 35 years. I am a member of the National Association of Tax Professionals, The Florida Insititute of CPA's, The NCPE Fellowship. In addition I am a Certified Mentor for SCORE. Visit my website at I also offer seminars and consultations to churches and clergy on their tax issues at Also visit my blog, I am listed on Tax Connections at Prepare and file your own taxes at


I hold a doctorate in Accounting, and am a CPA. My certifications of CIA, CFM, and CMA are inactive. I passed all certification examinations on the first attempt, and received honorable mention for my scores on the CIA exam. I have operated a CPA firm for over 37 years and have taught accounting and tax at the college level for over 35 years.

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DBA University of Memphis MBA University of Georgia BS in Accounting Mars Hill University

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