Appraisals for Estate Settlement by Gregory Olivotti
Estate settlement is an important and sometimes stressful task. As an executor you have been entrusted to carry out the wishes of the departed as swiftly and respectfully as possible. You can count on me to act quickly and with as much empathy to the feelings of everyone left behind.
Part of my focus is to create top-notch, ethical appraisals that attorneys can depend on. Usually, the parties involved will have different ideas of how the appraisal process should work; however, my experience of the estate process definitely satisfy all parties involved. I construct appraisal reports that transcend the requirements of the courts and various agencies.
Contact me as soon as possible to discuss your explicit estate appraisal specifications and how I can put my business acumen to work for you.
Commonly, settling an estate necessitates a clear appraisal report to determine fair market value for the property to the satisfaction of the parties involved. It's understandable that thinking about getting an appraisal is the farthest thought from your mind. Of course, it's imperative to comfort your loved ones first. I can assure you that I am comfortable with the procedures and requirements needed by revenue services to provide a retroactive appraisal with an effective date and fair market value estimate matching the date your loved one passed away. The ethical obligations stated within the Uniform Standards of Professional Appraisal Practice (USPAP) conforms to confidentiality, providing the strongest degree of privacy for you and your loved ones.
The requirement of having an appraisal when working with revenue services to prove income when filing documents is often not considered by most people.
Opinions of value displayed in documents provided to the IRS and NY state agencies absolutely should be backed by an accurate report as to how the appraiser arrived at his conclusions. This sort of report will clearly demonstrate your claim that the numbers within the report are well-founded and accurate.
An executor will be over-joyed by an appraisal, which will give him undeniable facts and figures to work with any legal agency's requirements. It assures peace of mind to everyone concerned because I assure you that I will stand behind the report if it is ever refuted.
One of the most essential requirements in a report is an appraiser-supported opinion of value in a detailed explanation as to how the appraiser came to his conclusion.