Property Valuations for Estate Settlement by Great Estates, Inc.
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 with as much dignity as possible. You can count on us to act quickly and with as much sympathy to the feelings of everyone in bereavement.
Lawyers and accountants depend on our ideals when calculating real property values for estates, divorces, or other disputes requiring a cost being placed on real property. We understand their needs and are acclimated to helping with all parties involved. Due to our experience in working with the courts and various agencies, we compose reports that definitely exceed all expectations.
Contact us immediately to discuss your individual estate appraisal demands and how we can put our knowledge to work for you.
Settling an estate generally requires an appraisal to acquire fair market value for the estate in question. We know that in times like this, even thinking about an appraisal is the furthest thought from your mind. Because of this, often there will be times that the date of an appraisal deviates from the time of death. We are knowledgeable about the practices and requirements necessary to supply a retroactive appraisal with an effective date and fair market value estimate matching the exact date you suffered the loss of your loved one. The ethics provision stated within the Uniform Standards of Professional Appraisal Practice (USPAP) keeps us to confidentiality, assuring the highest degree of discretion for you and your loved ones.
Many people do not understand that the IRS requires information filed to express the numbers involved in estate sales.
One of the most necessary requirements in a report is an appraiser-backed opinion of value in a detailed reason as to how the appraiser came to his conclusion. In having a report backed by Great Estates, Inc.'s professional staff, you will have the peace of mind that the numbers provided in the appraisal report will clearly demonstrate to the authorities that the numbers used are accurate and correct.
Great Estates, Inc. ensures an substantiated report, which will give an executor solid facts and numbers that will meet IRS and revenue agency requirements. It assures peace of mind to everyone concerned because we will always be there to stand behind the report if it is ever refuted.
An exhaustive report showing the appraiser's opinion of value is necessary to support the methods the appraiser used to come to his conclusions.