ESTATE APPRAISALS

Settling an estate is an important and stressful job. As an executor you have been entrusted to carry out the wishes of the deceased as swiftly and exactly as possible. You can count on us to act quickly and with sensitivity to the feelings of everyone involved.

As Certified General Appraisers, attorneys and accountants rely on our values when establishing real property values for estates, divorces, or disputes requiring a value being placed on real property. We understand their needs and are used to dealing with all parties involved. We provide commercial appraisals that meet the requirements of the courts and various agencies.

Settling an estate usually requires an appraisal to establish Fair Market Value for the commercial property involved. Often, the date of death differs from the date he appraisal is requested. We are familiar with the procedures and requirements necessary to perform a retroactive appraisal with an effective date and Fair Market Value estimate matching the date of death. The ethics provision within the Uniform Standards of Professional Appraisal Practice (USPAP) binds us with confidentiality, ensuring the fullest degree of discretion.

All too often, people do not fully appreciate the need to have a detailed real estate appraisal prepared in support of the value being used in documents filed with revenue authorities. Audits are common for large estates and the independent valuation established by a certified general appraiser is necessary.

Opinions of value used in documents filed with the revenue authorities should be supported by a detailed report as to how the appraiser arrived at his conclusions. A commercial real estate appraisal will demonstrate to the authorities that the numbers used are well founded and substantiated.

Having a professional commercial property value and/or a business valuation gives the executor solid facts and figures to work with in meeting IRS and state agency requirements. We are there to stand behind the appraisal if it is challenged, which assures peace of mind to everyone concerned.