Date of Death Valuations
Appraisals for Estate Settlement by New Jersey Realty Advisory Group, LLC.
date of death appraisal
Real estate appraisals for estate planning
Appraisals for loss in value
Settling an estate is an important and sometimes stressful task. 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 sensitivity to the feelings of everyone in bereavement.
Attorneys and accountants rely on our ideals when calculating real property values for estates, divorces, or other disputes requiring a cost being placed on real property. We cater to their needs and are accustomed to dealing with all parties involved. We furnish appraisal reports that exceed the needs of the courts and other agencies.
Usually, settling an estate necessitates an detailed appraisal report to suggest fair market value for the house to the satisfaction of the parties involved. We empathize that in times like this, even thinking about an appraisal report is the furthest thought from your mind. Of course, you have to comfort your family first. Our company is knowledgeable about the procedures and requirements necessary to perform a retroactive appraisal with an effective date and fair market value estimate matching the exact date you suffered the loss of your loved one. The ethical requirements listed within the Uniform Standards of Professional Appraisal Practice (USPAP) conforms our staff to confidentiality, providing the highest degree of discretion for all parties involved.
The necessity of owning an appraisal report when dealing with the IRS to prove income when filing documents is often overlooked by most people.
One of the most significant requirements in an appraisal report is an appraiser-supported opinion of value in a detailed reason as to how the appraiser came to his conclusion. In having a report supported by New Jersey Realty Advisory Group, LLC.'s professional appraisers, you will have the understanding that the numbers shown in the appraisal report will certainly demonstrate to the IRS that the numbers used are accurate and correct.
Having a professional appraisal from New Jersey Realty Advisory Group, LLC. gives the executor irrefutable facts and figures to work with in going beyond IRS and NJ state agency requirements. It assures peace of mind to everyone concerned because we are there to stand behind the appraisal if it is ever challenged.
Opinions of value shown in documents provided to the the IRS and NJ state agencies definitely should be backed by a comprehensive report as to how the appraiser arrived at his conclusions.