Estate Planning & Date of Death Appraisals in Bradenton
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 precisely as possible. The first step in fairly disposing of an estate is to understand its true value. Settling an estate usually requires an appraisal to establish fair market value for the residential property involved. Equitable arrangements can more easily be arrived at among disputing parties with the assistance of an appraisal. Relying on an appraisal allows everyone to walk away knowing they have received a fair deal.
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 retrospective appraisal with an effective date and fair market value estimate matching the date of death. The ethics provision 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. A detailed appraisal report will certainly demonstrate to these authorities that the numbers used are well founded and substantiated.
Attorneys, accountants, executors and others rely on our valuations because such appraisals require special expertise and training. They require an appraiser that is experienced in the area and can effectively research comparable contemporaneous sales. 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 and you can count on us to act quickly, with discretion and with sensitivity to the feelings of everyone involved.