Appraisals for Estate Settlement by P.M. Appraisals, Inc.
The responsibility of settling an estate, while stressful is very important. As an executor you have been entrusted to carry out the wishes of the departed as swiftly and exactly as possible. You can count on us to act quickly and with as much compassion to the feelings of everyone left behind.
Lawyers and accountants rely on our ethics when calculating real estate values for estates, divorces, or other disputes requiring a value being placed on real property. We realize their needs and are used to dealing with all parties involved. In our company, we are used to interacting with law offices in composing appraisals that surpass their necessities.
Contact us as soon as possible to discuss your specialized estate appraisal needs and how we can put our experience to work for you.
Usually, settling an estate necessitates an detailed appraisal report to establish fair market value for the property to the satisfaction of the parties involved. It's understandable that ordering an appraisal is the farthest thought from your mind. So, we understand that the date an appraisal is ordered will deviate the date of death. Our professional staff is comfortable with the procedures and requirements obligatory to perform a retroactive appraisal with an effective date and fair market value estimate matching the exact date your loved one passed away. The ethical obligations explained within the Uniform Standards of Professional Appraisal Practice (USPAP) binds us to confidentiality, ensuring the strongest degree of discretion for all parties involved.
Often, people do not fully understand the necessity in having a comprehensive appraisal report produced in support of the numbers displayed in general documents filed with revenue authorities.
One of the most necessary requirements in a report is an appraiser-supported opinion of value in a comprehensive explanation as to how the appraiser came to his conclusion. In having a report backed by P.M. Appraisals, Inc.'s expert appraisers, you will have the knowledge that the numbers shown in the appraisal report will definitely demonstrate to the NY agencies that the numbers used are accurate and substantiated.
An executor will be satisfied by an appraisal report by P.M. Appraisals, Inc. which will show him solid facts and numbers to deal with revenue agencies' requirements. It assures peace of mind to everyone concerned because we are there to stand behind the appraisal if it is ever challenged.
Opinions of value displayed in documents provided to the the IRS and NY state agencies absolutely should be supported by an exhaustive report as to how the appraiser came to his conclusions.