Property Valuations for Estate Settlement by Chester NeveSettling an estate is often stressful, but a very important job. As an executor you have been entrusted to carry out the wishes of the departed as promptly and respectfully as possible. You can count on us to act quickly and with as much sensitivity 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 value being placed on real property. There are specific needs for everyone; we realize these requirements and are acclimated to dealing with all parties involved. Among our staff, we are used to interacting with legal agencies in supplying appraisal reports that exceed their requirements. Contact us promptly to discuss your precise estate appraisal requirements and how we can put our business acumen to work for you. Usually, settling an estate necessitates an clear appraisal report to suggest fair market value for the home 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 date of an appraisal report differs from the date of your loss. Chester Neve assures that we are knowledgeable about the procedures and requirements requested by the IRS and PA revenue agencies to produce 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 listed within the Uniform Standards of Professional Appraisal Practice (USPAP) keeps our appraisers to confidentiality, providing the strongest degree of privacy for you and your family. People often forget that the IRS requires reports filed to explain the numbers involved in estate sales. One of the most necessary requirements in an appraisal is an appraiser-supported opinion of value in a comprehensive explanation as to how the appraiser came to his conclusion. Such a report will definitely demonstrate to the authorities that the numbers used are accurate and substantiated. Chester Neve guarantees an well-founded appraisal, which will provide an executor solid 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. Opinions of value displayed in documents provided to the revenue authorities definitely should be supported by an exhaustive report as to how the appraiser acquired his conclusions. |