Appraisals for Estate Settlement
Settling an estate is an important and sometimes stressful task. As an executor or administrator you have been entrusted to carry out the wishes of the deceased as swiftly and respectfully as possible. You can count on us to act quickly and with as much empathy to the feelings of everyone in bereavement.
Attorneys and accountants often rely on our appraisal expertise in valuing real property for estates, divorces, or other disputes. There are specific needs for everyone; we cater to these requirements and are comfortable to working with all parties involved.
Contact us today to discuss your precise estate appraisal requirements and how we can put our knowledge to work for you.
Settling an estate commonly requires an appraisal to show fair market value for the property in question. We know that in times like this, ordering an appraisal is the furthest thought from your mind. Because of this, often there are times that the effective date of an appraisal differs from the time of death. We are accustomed with the procedures and requirements required by IRS to produce a retrospective appraisal with an effective date and fair market value estimate matching the date your loved one passed away. The ethical obligations listed within the Uniform Standards of Professional Appraisal Practice (USPAP) binds me to confidentiality, assuring the fullest degree of privacy for you and your loved ones.
All too often, people do not fully realize the necessity in having an exhaustive appraisal report produced in support of the numbers displayed in tax documents filed with the IRS.
An accurate report showing the appraiser's opinion of value is necessary to back the methods and procedures the appraiser used to arrive at his/her value opinions. We ensure a well-written report, which will provide an executor/administrator sufficient documentation that will meet the agency requirements.
Opinions of value shown in documents filed with the the IRS and NC state agencies should be backed by an appraisal report setting out creditable analysis and value conclusion.