Estate Settlement Appraisals in New York by Nace Appraisal GroupThe job of settling an estate, often a source of stress, is very important. As a trustee, you've been given the power to carry out the wishes of the departed as quickly and respectfully as possible. You can count on us to respond quickly and with as much empathy to the feelings of everyone left behind.
We've made it our company's goal in supplying excellent appraisals that attorneys and accountants have come to rely on. Usually, everyone involved will have their own suggestions of how the appraisal process should work; however, our understanding of the estate process will undoubtedly satisfy all parties involved. We compose appraisal reports that meet the obligations of the courts and other groups.
Usually, settling an estate necessitates a clear appraisal report to determine market value for the property to the satisfaction of the parties involved. We understand that when you lose a loved one, even thinking about an appraisal is the furthest thought from your mind. Due to this, often the date of death differs from the date the appraisal is requested. Our company is accustomed to the systems and requirements obligatory to produce a retrospective appraisal with an effective date and market value estimate matching the date your loved one passed away. The ethics provision explained within the Uniform Standards of Professional Appraisal Practice (USPAP) conforms our appraisers to confidentiality, certifying the highest degree of privacy for all parties involved.
People often forget that the IRS needs reports filed to support the numbers involved in estate sales.
Opinions of value displayed in documents filed with the IRS and New York agencies definitely should be supported by an exhaustive report as to how the appraiser came to his conclusions. This level of documentation will definitely show your claim that the values within the report are well-founded and accurate.
An executor will be overjoyed by an appraisal by Nace Appraisal Group which will provide him irrefutable facts and figures to work with the IRS and New York state agencies' requirements. You need not stress over anything, because we will be there to back up our work if they are ever challenged.