Settling an estate is an important and sometimes
stressful job. As an executor you have been entrusted to
carry out the wishes of the deceased as swiftly and
exactly as possible. You can count on us to act quickly
and with sensitivity to the feelings of everyone
involved.
Attorneys and Accountants rely on our values when
calculating real property values for estates, divorces,
or other disputes requiring a value being placed on real
property. We understand their needs and are used to
dealing with all parties involved. We provide appraisal
reports that meet the requirements of the courts and
various agencies.
Settling an estate usually requires an appraisal to
establish Fair Market Value for the residential property
involved. Often, the date of death differs from the date
the appraisal is requested. We are familiar with the
procedures and requirements necessary to perform a
retroactive appraisal with an effective date and Fair
Market Value estimate matching the date of death. The
ethics provision within the Uniform Standards of
Professional Appraisal Practice (USPAP) binds us with
confidentiality, ensuring the fullest degree of
discretion.
All too often, people do not fully appreciate the
need to have a detailed real estate appraisal prepared
in support of the numbers being used in documents filed
with revenue authorities.
Opinions of value used in documents filed with the
revenue authorities should be supported by a detailed
report as to how the appraiser arrived at his
conclusions. Such a report will certainly demonstrate to
the authorities that the numbers used are well founded
and substantiated.
Having a professional appraisal gives the executor
solid facts and figures to work with in meeting IRS and
state agency requirements. It assures peace of mind to
everyone concerned because we are there to stand behind
the appraisal if it is challenged.
