Property Valuations for Estate Settlement by Giles Appraisal Group, Inc.
Estate settlement is often stressful, but a very important job. As an executor you have been entrusted to carry out the wishes of the deceased as promptly and respectfully as possible. You can count on us to act quickly and with as much sensitivity to the feelings of everyone in bereavement.
We've made a name for ourselves in supplying excellent appraisals that attorneys and accountants have come to rely on. Sometimes, all parties will have their own requirements of how the appraisal process should work; however, our understanding of the estate process definitely satisfy all parties involved. In our company, we are accustomed to interacting with legal agencies in providing appraisal reports that transcend their requirements.
Contact us as soon as possible to discuss your precise estate appraisal demands and how we can put our business acumen to work for you.
Settling an estate most often depends on an appraisal to establish fair market value for the estate therein. We know that in this time of loss, acquiring an appraisal is the furthest thought from your mind. Due to this, it is possible that the date of death differs from the date the appraisal is requested. We are knowledgeable about the practices and requirements needed to provide a retroactive appraisal with an effective date and fair market value estimate matching the exact date of death. The ethics provision explained within the Uniform Standards of Professional Appraisal Practice (USPAP) binds our appraisers to confidentiality, assuring the fullest degree of discretion for you and your loved ones.
Many people do not understand that the IRS needs information filed to express the numbers involved in estate sales.
An accurate report showing the appraiser's opinion of value is necessary to back the methods the appraiser used to come to his conclusions. Such a report will certainly demonstrate to the authorities that the numbers used are well-founded and correct.
Giles Appraisal Group, Inc. guarantees an detailed report, which will give an executor solid facts and numbers that will meet IRS and revenue agency requirements. You need not worry over anything, because we will be there to back up our appraisals if they are ever challenged.
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.