Appraisals for Estate Settlement by P.M. Appraisals, Inc.
Estate settlement is an important and sometimes stressful task. As an executor you have been entrusted to carry out the wishes of the deceased as promptly and exactly as possible. You can count on us to act quickly and with as much understanding to the feelings of everyone left behind.
We've made a name for ourselves in supplying the best appraisals that attorneys and accountants have come to depend on. Sometimes, the parties involved will have differing expectations of how the appraisal process should work; however, our understanding of the estate process definitely satisfy all parties involved. We offer appraisal reports that outdo the needs of the courts and other groups.
Contact us today to discuss your specialized estate appraisal essentials and how we can put our experience to work for you.
Settling an estate most often demands an appraisal to acquire fair market value for the residential property in question. It's understandable that thinking about an appraisal is the farthest thought from your mind. Because of this, often there will be times that the date of an appraisal report deviates from the time of death. Our staff is familiar with the practices and requirements obligatory to provide a retroactive appraisal with an effective date and fair market value estimate matching the exact date of death. The ethical obligations explained within the Uniform Standards of Professional Appraisal Practice (USPAP) conforms us to confidentiality, certifying the highest degree of discretion for you and your family.
People often forget that the IRS requires reports filed to show the numbers involved in estate sales.
Opinions of value used in documents provided to the the IRS and NY state agencies definitely should be supported by a comprehensive report as to how the appraiser came to his conclusions. In having a report supported by P.M. Appraisals, Inc.'s professional appraisers, you will have the knowledge that the numbers provided in the appraisal report will clearly demonstrate to the NY agencies that the numbers used are well founded and substantiated.
Having a professional appraisal report from P.M. Appraisals, Inc. gives the executor irrefutable facts and figures to work with in going beyond IRS and NY state agency requirements. It assures peace of mind to everyone concerned because we will always be there to stand behind the appraisal report if it is ever challenged.
An accurate report showing the appraiser's opinion of value is required to back the methods the appraiser used to come to his conclusions.