Estate Appraisals
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 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.