Appraisals for Estate Settlement by Gold Coast Appraisal Group LLC
Estate settlement is often stressful, but a very important job. As an executor you have been entrusted to carry out the wishes of the deceased as quickly and exactly as possible. You can count on us to act quickly and with as much sympathy to the feelings of everyone involved.
Attorneys and accountants rely on our ideals when calculating real property values for estates, divorces, or other disputes requiring a cost being placed on real property. Often, everyone involved will have differing requirements of how the appraisal process should work; however, our experience of the estate process definitely satisfy all parties involved. Among our staff, we are accustomed to working with legal agencies in creating appraisal reports that exceed their necessities.
Contact us promptly to discuss your explicit estate appraisal demands and how we can put our knowledge to work for you.
Commonly, settling an estate necessitates an detailed appraisal report to establish fair market value for the house to the satisfaction of the parties involved. We know that in times like this, ordering an appraisal is the furthest thought from your mind. Due to this, now and then the date of death differs from the time the appraisal is ordered. Gold Coast Appraisal Group LLC assures that our staff are comfortable with the procedures and requirements needed by the IRS and NJ revenue agencies to produce a retroactive appraisal with an effective date and fair market value estimate matching the date of death. The ethical requirements listed within the Uniform Standards of Professional Appraisal Practice (USPAP) attunes our appraisers to confidentiality, assuring the highest degree of privacy for all parties involved.
Often, people do not fully comprehend the importance in having a detailed real estate appraisal produced in support of the numbers shown in general documents filed with the IRS.
One of the most essential requirements in a report is an appraiser-backed opinion of value in an exhaustive explanation as to how the appraiser came to his conclusion. This sort of report will clearly substantiate your claim that the numbers displayed within the report are well-founded and accurate.
An executor will be ecstatic by a report by Gold Coast Appraisal Group LLC which will show him solid facts and numbers to cooperate with the IRS and NJ state agencies' 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 refuted.
Opinions of value shown in documents provided to the revenue authorities absolutely should be supported by a comprehensive report as to how the appraiser acquired his conclusions.