Property Valuations for Estate Settlement by The Welter Appraisal Group
The task of settling an estate, often a source of stress is very important. As an executor you have been entrusted to carry out the wishes of the deceased as quickly and respectfully as possible. You can count on us to act quickly and with as much understanding to the feelings of everyone involved.
We've shown that we're experts in supplying excellent appraisals that lawyers and accountants have come to rely on. Sometimes, everyone involved will have different suggestions of how the appraisal process should work; however, our knowledge of the estate process will, without a doubt, satisfy all parties involved. In our company, we are accustomed to working with legal agencies in writing appraisal reports that meet their demands.
Contact us immediately to discuss your specific estate appraisal essentials and how we can put our experience to work for you.
Commonly, settling an estate necessitates an detailed appraisal report to ascertain fair market value for the house to the satisfaction of the parties involved. It's understandable that ordering getting an appraisal is the farthest thought from your mind. So, it's possible the time an appraisal is requested will differ the date of death. The Welter Appraisal Group assures that we are familiar with the procedures and requirements requested by the IRS and NJ revenue agencies to provide a retroactive appraisal with an effective date and fair market value estimate matching the exact date your loved one passed away. The ethical requirements explained within the Uniform Standards of Professional Appraisal Practice (USPAP) binds our appraisers to confidentiality, ensuring the fullest degree of discretion for you.
Many times, people do not fully understand the need to have an exhaustive appraisal prepared in support of the numbers being used in tax documents filed with revenue authorities.
An exhaustive 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 supported by The Welter Appraisal Group's professional appraisers, you will have the understanding that the numbers provided in the appraisal report will certainly demonstrate to the authorities that the numbers used are accurate and substantiated.
The Welter Appraisal Group guarantees an substantiated appraisal report, which will provide an executor clear facts and figures that will exceed IRS and revenue agency requirements. It assures peace of mind to everyone concerned because we are there to stand behind the report if it is ever challenged.
One of the most important requirements in a report is an appraiser-backed opinion of value in a comprehensive explanation as to how the appraiser came to his conclusion.