Settling an estate is an important and sometimes stressful job. As executor/executrix, you have been entrusted to carry out the wishes of the deceased as swiftly and exactly as possible. I am aware of the sensitive nature of this situation.
Attorneys and Accountants rely on appraiser values when calculating real property values for estates, divorces, or other disputes requiring a value being placed on real property. I provide appraisal reports that meet the requirements of the courts and various agencies.
Settling an estate usually requires an appraisal to establish Market Value for the residential property involved. Often, the date of death differs from the date the appraisal is requested. I am 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.
Obtaining a professional appraisal gives the executor/executrix solid facts and figures to work with to satisfy IRS and state agency requirements.