ESTATE & EXECUTORS
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 and we provide the appraisal reports that meet the requirements of the courts and various agencies. We support our opinions of value in these detailed reports, using them to demonstrate that the numbers used are founded and substantiated.
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.
Confidentiality is important to us. The ethics provision with the Uniform Standards of Professional Appraisal Practice (USPAP) binds us with confidentiality, ensuring the fullest degree of discretion.
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 in that if the appraisal is challenged, we are there to stand behind it.
DATE OF DEATH VALUATIONS
Estate tax liability. Disposition of assets under a will or in probate.
For estate tax purposes or disposition of the assets of a descendant, a “date of death” valuation is often required. Sometimes, the excutor of the estate may choose to have the date be six months after the date of death, but the same principles apply.
Attorneys, accountants, executors and others rely on us for “date of death” valuations because such appraisals require special expertise and training, which we have decades worth of. They require a firm that’s been in the area for some time and can effectively research comparable contemporaneous sales.
Real property isn’t like publicly traded stock or other items which don’t fluctuate in value very much or for which historical public data is available. You need a professional real estate appraiser, bound by the Uniform Standards of Professional Appraisal Practice (USPAP) for a high degree of confidentiality and professionalism.
We give you a professional, quality report so you can work with taxing authorities and courts that need and expect that level of detail.