Appraisals for Estate Settlement by Gregory James Company, Inc.
The task of settling an estate, while stressful is very important. 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 understanding to the feelings of everyone left behind.
Lawyers and accountants rely on our ideals when calculating real property values for estates, divorces, or other disputes requiring a value being placed on real property. We realize their needs and are acclimated to dealing with all parties involved. In our company, we are used to interacting with law offices in providing appraisals that out-strip their necessities.
Contact us immediately to discuss your specialized estate appraisal requirements 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 residential property in question. It's understandable that ordering getting an appraisal is the farthest thought from your mind. So, there's a chance the date an appraisal report is ordered will deviate the date of death. Gregory James Company, Inc. assures that our staff are accustomed to the procedures and requirements needed by revenue services to perform a retroactive appraisal with an effective date and fair market value estimate matching the exact date your loved one passed away. The ethical requirements explained within the Uniform Standards of Professional Appraisal Practice (USPAP) binds us to confidentiality, providing the strongest degree of discretion for you and your loved ones.
Often, people do not fully acknowledge the requirement to have a full real estate appraisal produced in support of the numbers being used in general documents filed with the IRS.
A comprehensive report showing the appraiser's opinion of value is necessary to support the methods the appraiser used to come to his conclusions. In having a report supported by Gregory James Company, Inc.'s expert staff, you will have the knowledge that the numbers shown in the appraisal report will clearly demonstrate to the GA agencies that the numbers used are accurate and correct.
Gregory James Company, Inc. will provide an well-founded report, which will give an executor definite facts and numbers that will meet IRS and state agency requirements. It assures peace of mind to everyone concerned because we are there to stand behind the appraisal report if it is ever refuted.
Opinions of value shown in documents provided to the revenue authorities definitely should be supported by an exhaustive report as to how the appraiser acquired his conclusions.