Property Valuations for Estate Settlement by Gregory James Company, Inc.
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 promptly and exactly as possible. You can count on us to act quickly and with as much sympathy to the feelings of everyone in bereavement.
Lawyers and accountants rely on our ethics when calculating real property values for estates, divorces, or other disputes requiring a value being placed on real property. Generally, the parties involved will have different ideas of how the appraisal process should work; however, our experience of the estate process will, without a doubt, satisfy all parties involved. In our company, we are used to interacting with the courts in assembling reports that exceed their requirements.
Contact us today to discuss your unique estate appraisal needs and how we can put our knowledge to work for you.
Generally, settling an estate requires an accurate appraisal report to acquire fair market value for the home to the satisfaction of the parties involved. We empathize that when you lose a loved one, acquiring an appraisal report is the furthest thought from your mind. Because of this, often there can be times that the effective date of an appraisal report deviates from the time of death. Gregory James Company, Inc. assures that we are knowledgeable about the procedures and requirements requested by revenue services to perform a retroactive appraisal with an effective date and fair 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 staff to confidentiality, certifying the fullest degree of discretion for all parties involved.
Many times, people do not fully realize the importance in having a detailed real estate appraisal supplied in support of the numbers being used in general documents filed with the IRS and GA state agencies.
Opinions of value shown in documents provided to the revenue authorities definitely should be backed by a detailed report as to how the appraiser came to his conclusions. Such a report will definitely demonstrate to the IRS that the numbers used are accurate and substantiated.
Having a professional appraisal from Gregory James Company, Inc. gives the executor solid facts and figures to work with in meeting IRS and GA state agency requirements. You need not worry over anything, because we will be there to back up our work if they are ever challenged.
An exhaustive report showing the appraiser's opinion of value is important to back the methods the appraiser used to come to his conclusions.