Boat Appraisal for Probate

5.0from 80+ client reviews

Boat appraisals for probate, prepared in accordance with USPAP. AppraiseItNow provides certified marine valuations prepared to meet the requirements of probate courts and the IRS, helping executors settle estates with confidence.

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DEFENSIBLE, USPAP-COMPLIANT BOAT APPRAISAL REPORTS — QUALIFIED FOR THE IRS, PROBATE COURTS, AND ESTATE ATTORNEYS.

  • IRS
  • United States Courts
  • Chase
  • Bank of America
  • State Farm
  • Goodwill Industries
  • Wells Fargo

The marine team behind your fair market value appraisal

Between them, our marine appraisers hold CAGA designations, and every report is written to USPAP for the IRS, probate courts, and estate attorneys.

Joe Kattan

Joe Kattan

Owner & CEO

Joe founded AppraiseItNow to make a certified, USPAP-compliant appraisal as simple to order as anything else online. A former Bain & Company strategy consultant, Joe leads the entire team and specializes in strategy, growth, and the firm's tech capabilities.

Marnie Erkelens

Marnie Erkelens

Vehicle Appraiser

CAGA Certified Appraiser since 2014, covering vehicles, boats, equipment, fine art, and collectibles. A classic-car restoration background informs her vehicle work, with reports prepared for insurance, divorce, and charitable contributions.

Aron Blue

Aron Blue

Client Success Manager

Manages each engagement from the first enquiry to the delivered report, and keeps you posted at every step along the way.

  • USPAPWritten to the Uniform Standards of Professional Appraisal Practice
  • Fair market valueThe IRS definition of value that Form 706, probate courts, and gift tax filings apply
  • Certified Appraisers Guild of AmericaCertified Appraiser
  • The Appraisal FoundationAuthorized by Congress as the source of appraisal standards

Boat Appraisals for Probate

When a boat owner passes away and the vessel is held solely in their name, it becomes a probate asset requiring a court-recognized valuation before it can be transferred, sold, or distributed to heirs. AppraiseItNow provides fair market value appraisals of boats and marine vessels as of the date of death, satisfying the requirements of probate courts and the IRS under 26 U.S.C. § 2031. For estates exceeding the federal exemption threshold, executors must include a qualified appraisal with Form 706. Our marine vessel appraisal services cover everything from small recreational craft to large documented vessels.

We deliver appraisals both online and onsite across the United States, working directly with executors, estate attorneys, and personal representatives. Whether the boat is moored at a marina, stored on land, or sitting in a private yard, our appraisers can conduct a physical inspection or work from documentation and comparable market data. Learn more about how we support estate administration appraisals for all asset types.

Types of Boats We Appraise for Probate

AppraiseItNow appraises a wide range of vessels that commonly appear in probate estates, including:

  • Motorboats and powerboats, including center consoles, bowriders, and cruisers
  • Sailboats, from small day sailors to offshore bluewater vessels
  • Pontoon boats and deck boats used for recreational lake and river use
  • Personal watercraft such as jet skis and wave runners
  • Fishing boats, including bass boats, walleye rigs, and offshore sport fishing vessels
  • Houseboats and liveaboard vessels with significant personal property components
  • Yachts and express cruisers, including Coast Guard-documented vessels
  • Vintage and classic boats requiring specialized comparable market research
  • Commercial vessels such as charter boats, water taxis, and work boats
  • Boats with trailers, motors, and accessory packages appraised as a combined unit

How Our Boat Appraisal Process Works for Probate

Our process is designed to produce a report that holds up to court review, IRS scrutiny, and heir challenges:

  • Appraisers conduct a physical inspection or documentation-based review, examining hull condition, engine hours, maintenance records, the Hull Identification Number, title status, and any outstanding liens or encumbrances that affect net value
  • Valuation is based on comparable sales of similar vessels in the open market as of the date of death, using broker data, auction results, and marine industry sources rather than insured values or original purchase price
  • The final report is USPAP-compliant and includes methodology, comparable sales analysis, photographs, and a clearly stated date-of-death fair market value suitable for filing with probate courts or attaching to Form 706
  • AppraiseItNow appraisers hold credentials from recognized professional organizations including ISA, ASA, and AAA, and bring marine-specific valuation experience necessary for court and IRS acceptance

What clients say we are known for

AppraiseItNow Reviews: What Clients Say About AppraiseItNow

  1. Answering fast, and staying reachable while the work runs“From the start they were very responsive, price competitive” Chris S.Mentioned in 34 reviews
  2. Showing the research and the comparables behind the number“Very thorough and professional — great communication and outstanding service” Curt B.Mentioned in 29 reviews
  3. Delivering the finished report ahead of the deadlineMentioned in 21 reviews
  4. Being the appraiser they come back toMentioned in 44 reviews
  5. Taking on items other appraisers had already turned downMentioned in 14 reviews

Across 80+ published AppraiseItNow reviews the picture is consistent: every one is from a client who paid us for an appraisal, and the three things they raise most often are that they would hire us again, how quickly we answer, and how much research is visible in the report.

  • From the start they were very responsive, price competitive, and had a quick turn around time. Thank you so much to Joe who was very sweet in responding to my emails; I am looking forward to utilizing AppraiseItNow for many years to come.
    Chris S., San Clemente, CA ·
  • Very thorough and professional — great communication and outstanding service. Highly impressed with their work!
    Curt B. , Washington, UT ·

Frequently Asked Questions on Boat Appraisals for Probate

What value does a probate court expect for a boat?

A supportable fair market value as of the date of death, listed with identifying detail. Michigan's inventory instructions, for example, require year, make, and model for boats with the hull identification number submitted on an attached form. Replacement cost and the insured amount are not the probate standard.

What if pricing guides don't list the boat?

Value it from comparable sales, condition documentation, and photos, adding a marine surveyor's appraisal where warranted. North Carolina guidance even allows the inventory to list the asset as undetermined and be amended later, which beats guessing and creates fewer disputes with the court and heirs.

Can the executor reuse a property tax or registration value for the estate's boat?

No. California, for example, assesses vessels annually at fair market value as of the January 1 lien date, a different valuation regime and date than probate's date-of-death standard. The state of registration also does not control the federal estate value of a vessel, which is valued as tangible personal property.

How do heirs typically challenge a boat's probate value?

By attacking the valuation method rather than the number itself: whether the appraiser should have used the market approach for a standard production boat, the cost approach for a newer or heavily upgraded vessel, or the income approach for a charter boat. Method choice can move value materially, so the report should justify its selection.