Appraisals for Estate Settlement by FAF AppraisalThe task of settling an estate, while stressful is very important. As an executor you have been entrusted to carry out the wishes of the departed as promptly and respectfully as possible. You can count on us to act quickly and with as much respect to the feelings of everyone left behind. Lawyers and accountants depend on our ideals when calculating real property values for estates, divorces, or other disputes requiring a cost being placed on real property. We comprehend their needs and are familiar with working with all parties involved. Among our staff, we are accustomed to working with legal agencies in creating appraisals that meet their needs. Contact us immediately to discuss your precise estate appraisal demands and how we can put our experience to work for you. Settling an estate usually requires an appraisal to suggest fair market value for the property involved. We know that in this time of loss, even thinking about an appraisal report is the furthest thought from your mind. Due to this, often the time of death differs from the date the appraisal is needed. Our professional staff is knowledgeable about the procedures and requirements needed to produce a retroactive appraisal with an effective date and fair market value estimate matching the date of death. The ethical requirements stated within the Uniform Standards of Professional Appraisal Practice (USPAP) conforms our appraisers to confidentiality, ensuring the fullest degree of discretion for all parties involved. Most people don't realize that the IRS requires information filed to show the numbers involved in estate sales. An exhaustive 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 clearly demonstrate to the authorities that the numbers used are well-founded and substantiated. An executor will be over-joyed by a report by FAF Appraisal which will give him irrefutable facts and figures to cooperate with the IRS and NC state agencies' requirements. It assures peace of mind to everyone concerned because we will always be there to stand behind the report if it is ever challenged. Opinions of value displayed in documents provided to the the IRS and NC state agencies definitely should be supported by a detailed report as to how the appraiser arrived at his conclusions. |