Appraisals for Estate Settlement by Gold Coast Appraisal Group LLC
The responsibility of settling an estate, while stressful is very important. As an executor you have been entrusted to carry out the wishes of the deceased as quickly and respectfully as possible. You can count on us to act quickly and with as much understanding to the feelings of everyone left behind.
We've shown that we're experts in producing the best appraisals that lawyers and accountants have come to rely on. There are specific needs for everyone; we understand these needs and are comfortable to dealing with all parties involved. In our company, we are accustomed to interacting with law offices in writing reports that exceed their requirements.
Contact us promptly to discuss your unique estate appraisal essentials and how we can put our business acumen to work for you.
Usually, settling an estate necessitates an accurate appraisal report to acquire fair market value for the house to the satisfaction of the parties involved. We sympathize that when you lose a loved one, acquiring an appraisal is the furthest thought from your mind. Because of this, now and then there will be times that the date of an appraisal report differs from the time of death. Gold Coast Appraisal Group LLC assures that our appraisers are familiar with the procedures and requirements needed by the IRS and NJ revenue agencies to perform a retroactive appraisal with an effective date and fair market value estimate matching the exact date of death. The ethical obligations explained within the Uniform Standards of Professional Appraisal Practice (USPAP) keeps our appraisers to confidentiality, assuring the strongest degree of privacy for you and your family.
Most people don't realize that the IRS requires documents filed to support the numbers involved in estate sales.
One of the most significant requirements in an appraisal report is an appraiser-backed opinion of value in an exhaustive explanation as to how the appraiser came to his conclusion. Such a report will definitely demonstrate to the NJ agencies that the numbers used are well-founded and correct.
Having a professional appraisal from Gold Coast Appraisal Group LLC gives the executor solid facts and figures to work with in exceeding IRS and NJ state agency requirements. You need not stress over anything, because we will be there to back up our appraisals if they are ever challenged.
A comprehensive report showing the appraiser's opinion of value is necessary to back the methods the appraiser used to come to his conclusions.