Why is an appraisal needed for a succession?

When a person passes away and leaves real estate, it is necessary to determine its value for fair distribution among heirs. A professional appraisal establishes an objective, technically grounded value that serves as the basis for agreement among the parties, avoiding family conflicts and ensuring each heir receives their rightful share under the law.

Appraisals for succession proceedings

The succession process in Costa Rica, whether judicial or notarial, requires valuation of assets comprising the estate. Our technical report is accepted by both courts and notaries, and meets all legal requirements established by the Costa Rican Civil Code and Code of Civil Procedure. The appraisal details the value of each property individually, facilitating the adjudication process.

Successions with multiple properties

In cases where the inheritance includes several properties — houses, apartments, lots, farms, or commercial spaces — we perform a comprehensive valuation of all real estate, providing a complete picture of the deceased's real estate portfolio. This is especially important when heirs must decide how to distribute properties of different types and values.

Tax implications

The value determined in the appraisal also has tax implications, as the Tax Administration may require property valuations for inheritance tax purposes and for updating the fiscal value of properties in the National Registry. A professional appraisal protects heirs against potential tax adjustments.