Estate Planning & Settlement Appraisals

Fair Market Value appraisals are typically required for estate settlement purposes as well as for estate planning or management purposes. By providing an expert conclusion of value via a Real Property Appraisal, an Estate Appraiser can assist with residential or commercial properties. We understand the purpose and are very experienced providing services to those parties involved. We provide estate appraisal reports that meet the requirements of families and heirs, along with the courts and other agencies, either on a retrospective or current market valuation basis, with the intended use being planning among owners or settlement among heirs. Our clients include but are not limited to the Executor or Executrix, Attorney and Accountant.

For settlement purposes, typically, the date of passing of an heir requires a retrospective appraisal report, with an effective date and opinion of Fair Market Value as of the date of loss of the family member. 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 understand the need to have a detailed real estate appraisal report prepared to determine the value being used in documents filed with revenue authorities. Conclusions of value used in documents filed with the revenue authorities should be supported by a detailed appraisal report, with a summary of how the appraiser arrived at the conclusion of value contained therein. Such a report will certainly demonstrate to the authorities that the fair market value arrived at is well supported and substantiated, providing the executor/executrix with solid facts and figures, which can be utilized 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.

Settling an Estate or Estate Planning is an important and sometimes stressful job. As an Executor or Executrix, you have been entrusted to carry out the wishes of the deceased as swiftly and as accurately as possible. You can count on us to act quickly and with sensitivity to the feelings of everyone involved. We are familiar with the special circumstances that often accompany property valuation in estate settlement cases, and can handle your needs in a timely manner with complete competence and confidentiality. As a long term estate appraiser, being experienced in this aspect of real estate appraisal is tantamount, especially if required to provide expert witness testimony with regards to value for such a purpose. If you have any questions, email, text or call any time at 973.715.1700.