![]() Appraisals for Estate Settlement by NorthStar Realty ServicesThe job 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 exactly as possible. You can count on us to act quickly and with as much sympathy to the feelings of everyone in bereavement. Attorneys and accountants depend on our ethics when calculating real property values for estates, divorces, or other disputes requiring a cost being placed on real property. Usually, everyone involved will have their own ideas of how the appraisal process should work; however, our experience of the estate process definitely satisfy all parties involved. We offer appraisal reports that surpass the needs of the legal system and different agencies. Contact us promptly to discuss your explicit estate appraisal demands and how we can put our knowledge to work for you. Settling an estate commonly requires an appraisal to establish fair market value for the estate affected. It's understandable that ordering getting an appraisal is the farthest thought from your mind. Due to this, there is a chance that the time of death differs from the time the appraisal is requested. We are familiar with the procedures and requirements necessary to supply a retroactive appraisal with an effective date and fair market value estimate matching the exact date of death. The ethics provision listed within the Uniform Standards of Professional Appraisal Practice (USPAP) binds us to confidentiality, guaranteeing the fullest degree of privacy for you and your loved ones. People often forget that the IRS requires reports filed to explain the numbers involved in estate sales. An exhaustive report showing the appraiser's opinion of value is necessary to back the methods the appraiser used to come to his conclusions. Such a report will certainly demonstrate to the authorities that the numbers used are well-founded and substantiated. NorthStar Realty Services ensures an well-founded appraisal, which will give an executor accurate facts and figures that will exceed IRS and revenue agency requirements. You need not be concerned over anything, because NorthStar Realty Services will be there to back up our reports if they are ever refuted. A comprehensive report showing the appraiser's opinion of value is necessary to back the methods the appraiser used to come to his conclusions. |