Estate Settlement Appraisals in NY by Republic ValuationsSettling an estate is often stressful, but a very important job. As an executor you have been entrusted to carry out the wishes of the deceased as swiftly and exactly as possible. You can count on us to act quickly and with as much respect to the feelings of everyone involved. Part of Republic Valuations 's mission statement is to supply top-notch, ethical appraisals that lawyers can depend on. Generally, all parties will have differing suggestions of how the appraisal process should work; however, our understanding of the estate process will, without a doubt, satisfy all parties involved. We construct appraisal reports that exceed the needs of the courts and various agencies. Contact us as soon as possible to discuss your personal estate appraisal specifications and how we can put our knowledge to work for you. Settling an estate generally requires an appraisal to determine fair market value for the house therein. We empathize that in this time of loss, 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. Our professional staff is knowledgeable about the practices and requirements needed to produce a retroactive appraisal with an effective date and fair market value estimate matching the exact date your loved one passed away. The ethical obligations explained within the Uniform Standards of Professional Appraisal Practice (USPAP) binds us to confidentiality, providing the fullest degree of discretion for you and your family. The importance of having an appraisal report when dealing with revenue services to explain income when filing documents is often overlooked by most people. Opinions of value used in documents provided to the the IRS and NY state agencies definitely should be backed by an exhaustive report as to how the appraiser acquired his conclusions. Such a report will certainly demonstrate to the NY agencies that the numbers used are well-founded and correct. Having a professional appraisal report from Republic Valuations gives the executor undeniable facts and figures to work with in going beyond IRS and NY state agency requirements. It assures peace of mind to everyone concerned because we assure you that we will stand behind the appraisal if it is ever refuted. Opinions of value shown in documents filed with the revenue authorities absolutely should be supported by an exhaustive report as to how the appraiser came to his conclusions. |