Property Valuations for Estate Settlement by Gold Coast Appraisal Group LLC
Settling an estate is an important and sometimes stressful job. As an executor you have been entrusted to carry out the wishes of the departed as promptly and with as much dignity as possible. You can count on us to act quickly and with as much sympathy to the feelings of everyone involved.
Lawyers and accountants depend on our ethics when calculating real estate values for estates, divorces, or other disputes requiring a worth being placed on real property. Sometimes, the parties involved will have their own expectations of how the appraisal process should work; however, our understanding of the estate process will, without a doubt, satisfy all parties involved. Among our staff, we are used to working with the courts in creating appraisals that transcend their requirements.
Contact us immediately to discuss your unique estate appraisal demands and how we can put our experience to work for you.
Commonly, settling an estate necessitates an irrefutable appraisal report to ascertain fair market value for the property to the satisfaction of the parties involved. It's understandable that thinking about an appraisal is the farthest thought from your mind. Because of this, often there can be times that the effective date of an appraisal report deviates from the time of death. Gold Coast Appraisal Group LLC assures that our staff are accustomed to the procedures and requirements requested by revenue services to provide a retroactive appraisal with an effective date and fair market value estimate matching the date you suffered the loss of your loved one. The ethics provision stated within the Uniform Standards of Professional Appraisal Practice (USPAP) binds us to confidentiality, ensuring the highest degree of discretion for you and your loved ones.
Most people don't realize that the IRS requires documents filed to show the numbers involved in estate sales.
An accurate report showing the appraiser's opinion of value is necessary to back the methods the appraiser used to come to his conclusions. In having a report backed by Gold Coast Appraisal Group LLC's professional staff, you will have the knowledge that the numbers provided in the report will certainly demonstrate to the IRS that the numbers used are well founded and substantiated.
Having a professional appraisal report from Gold Coast Appraisal Group LLC gives the executor undeniable facts and figures to work with in exceeding IRS and NJ state agency requirements. You need not be concerned over anything, because Gold Coast Appraisal Group LLC will be there to back up our appraisals if they are ever challenged.
Opinions of value shown in documents provided to the revenue authorities absolutely should be backed by an exhaustive report as to how the appraiser acquired his conclusions.