Estate Settlement Appraisals in NJ by LB Appraisals, Inc.
Estate settlement is an important and sometimes stressful task. As an executor you have been entrusted to carry out the wishes of the departed as quickly and respectfully as possible. You can count on us to act quickly and with as much understanding to the feelings of everyone involved.
Lawyers and accountants rely on our conduct when calculating real estate values for estates, divorces, or other disputes requiring a value being placed on real property. Often, the parties involved will have differing requirements of how the appraisal process should work; however, our experience of the estate process will, without a doubt, satisfy all parties involved. In relation to our experience in working with the courts and other agencies, we provide appraisals that always transcend all expectations.
Contact us promptly to discuss your personal estate appraisal essentials and how we can put our experience to work for you.
Settling an estate usually depends on an appraisal to show fair market value for the home in question. We sympathize that in times like this, ordering an appraisal report is the furthest thought from your mind. Of course, you need to comfort your family first. LB Appraisals, Inc. assures that our appraisers are comfortable with 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 of death. The ethical requirements stated within the Uniform Standards of Professional Appraisal Practice (USPAP) conforms us to confidentiality, assuring the strongest degree of privacy for all parties involved.
Most people don't realize that the IRS requires reports filed to explain the numbers involved in estate sales.
Opinions of value used in documents filed with the the IRS and NJ state agencies definitely should be supported by a detailed report as to how the appraiser arrived at his conclusions. In having a report supported by LB Appraisals, Inc.'s professional staff, you will have the knowledge that the numbers provided in the report will certainly demonstrate to the IRS that the numbers used are well founded and substantiated.
Having a professional report from LB Appraisals, Inc. gives the executor irrefutable facts and figures to work with in meeting 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.
One of the most essential requirements in a report is an appraiser-supported opinion of value in a comprehensive reason as to how the appraiser came to his conclusion.