Appraisals for Estate Settlement by Bear Rock Appraisal
Settling an estate 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 with as much dignity 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 count on our ideals 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 are sympathetic to these requirements and are familiar to dealing with all parties involved. In our company, we are accustomed to working with law offices in composing appraisals that exceed their necessities.
Contact us today to discuss your exact estate appraisal requirements and how we can put our business acumen to work for you.
Usually, settling an estate requires an accurate appraisal report to show fair market value for the home to the satisfaction of the parties involved. We know that when you lose a loved one, even thinking about an appraisal is the furthest thought from your mind. Because of this, often there can be times that the date of an appraisal differs from the time of death. Bear Rock Appraisal assures that we are knowledgeable about the procedures and requirements requested by the IRS and NY revenue agencies to perform a retroactive appraisal with an effective date and fair market value estimate matching the exact date of death. The ethical requirements stated within the Uniform Standards of Professional Appraisal Practice (USPAP) conforms our staff to confidentiality, guaranteeing the fullest degree of privacy for all parties involved.
Many people do not understand that the IRS requires reports filed to explain the numbers involved in estate sales.
An accurate report showing the appraiser's opinion of value is important to back the methods the appraiser used to come to his conclusions. This sort of report will clearly substantiate your claim that the numbers provided within the report are well-founded and accurate.
Having a professional appraisal from Bear Rock Appraisal gives the executor irrefutable facts and figures to work with in going beyond IRS and NY state agency requirements. There's no need to be concerned when getting an appraisal from us, because we will stand by it no matter what.
One of the most significant requirements in an appraisal report is an appraiser-supported opinion of value in a detailed explanation as to how the appraiser came to his conclusion.