An estate is a term commonly used to refer to the assets and liabilities left by a person after death. A trust is created to hold property or assets for the benefit of the beneficiary. It is managed by an estate trustee (previously known as an executor), appointed by the deceased person’s will, who has an obligation to deal with the property for the beneficiary of the trust. An estate trustee must exercise due diligence when disposing of real estate in a will; obtaining an appraisal of the property/s is an integral component of this process. We exercise maximum duty-of-care in completing estate appraisals, recognizing it is often the accumulation of the deceased person’s lifetime work.