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 can rely on our estate home value appraisals when providing assistance, calculating and settling estates. Real property value appraisals typically are required for estate settlement purposes by providing a conclusion of value placed on real property. We understand the needs and are used to dealing with all parties involved. We provide estate appraisal reports that meet the requirements of the courts and various agencies, either retrospective or current, establishing value to assist in settling an estate amongst heirs.

Settling an estate usually requires a real estate 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.