Appraisals for Estate Settlement by Orange Real Estate AppraisalsThe job of settling an estate, often a source of stress, is very important. As an executor, you have been given the responsiblity to carry out the wishes of a loved one as quickly and with as much dignity as possible. You can count on us to act expeditiously and with as much empathy to the feelings of everyone involved.
Attorneys and accountants depend on our understanding when calculating real property values for estates, divorces, or other disputes requiring a value being placed on real property. Usually, everyone involved will have their own requirements of how the appraisal process should work; however, our understanding of the estate process will undoubtedly satisfy all parties involved. Because of our experience in working with the legal system and various agencies, we provide appraisals that always meet all expectations.
Usually, settling an estate necessitates a detailed appraisal report to show market value for the house to the satisfaction of the parties involved. We empathize that in this time of loss, ordering an appraisal is the furthest thought from your mind. So, there's a chance the date an appraisal is ordered will be different from the date of death. Orange Real Estate Appraisals assures that our staff is familiar with the procedures and requirements needed by revenue services to produce a retrospective appraisal with an effective date and market value estimate matching the exact date your loved one passed away. The ethical requirements listed within the Uniform Standards of Professional Appraisal Practice (USPAP) keeps our company to confidentiality, guaranteeing the highest degree of discretion for you and your family.
Often, people do not fully fathom the demand to have a full real estate appraisal supplied in support of the figures shown in general documents filed with the IRS and New York state agencies.
Opinions of value shown in documents filed with revenue authorities definitely should be backed by an accurate report as to how the appraiser arrived at his conclusions. Such a report will definitely demonstrate to the IRS that the numbers used are accurate and substantiated.
Having a professional appraisal from Orange Real Estate Appraisals gives the executor irrefutable facts and figures to work with in going beyond IRS and New York state agency requirements. You need not worry over anything, because Orange Real Estate Appraisals will be there to back up our appraisals if they are ever challenged.