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Golden Appraisal Services, LLC - Estate Appraisals
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For Real Estate and Appraisal education please click below: Armbrust Real Estate Institute
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Estate Appraisals
Settling
an estate is an important and sometimes stressful
job. 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 sensitivity to the feelings of
everyone involved. Attorneys
and Accountants rely on our values when calculating
real property values for estates, divorces, or
other disputes requiring a value being placed on
real property. We understand their needs and are
used to dealing with all parties involved. We
provide appraisal reports that meet the requirements
of the courts and various agencies. Settling
an estate usually requires an appraisal to establish
Market Value for the residential or commercial
property involved. Often, the Date of Death differs
from the date the appraisal is requested. We are
familiar with the procedures and requirements
necessary to perform a retroactive appraisal with an
effective date and Market Value opinion matching the
Date of Death. The Ethics Rule within the
Uniform Standards of Professional Appraisal Practice
(USPAP) binds us with confidentiality, ensuring the
fullest degree of discretion. All
too often, people do not fully appreciate the
need to have a detailed real estate appraisal
prepared in support of the numbers being used in
documents filed with revenue authorities. Opinions
of value used in documents filed with the revenue
authorities should be supported by a detailed
report as to how the appraiser arrived at his or her
conclusions. Such a report will certainly
demonstrate to the authorities that the numbers used
are well founded and substantiated. Having a professional appraisal gives the executor solid facts and figures to work with in meeting IRS and state agency requirements. It assures peace of mind to everyone concerned because we are there to stand behind the appraisal if it is challenged.
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