Property Valuations for Estate Settlement by Neglia 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 departed as quickly and exactly as possible. You can count on us to act quickly and with as much compassion to the feelings of everyone involved.

Lawyers and accountants rely on our ideals when calculating real estate values for estates, divorces, or other disputes requiring a cost being placed on real property. Often, the parties involved will have different ideas of how the appraisal process should work; however, our understanding of the estate process will, without a doubt, satisfy all parties involved. Among our staff, we are accustomed to interacting with legal agencies in composing appraisals that surpass their demands.

Usually, settling an estate necessitates an irrefutable appraisal report to determine fair market value for the property to the satisfaction of the parties involved. It's understandable that ordering an appraisal is the farthest thought from your mind. Of course, it's imperative to comfort your loved ones first. We are familiar with the systems and requirements necessary to perform a retroactive appraisal with an effective date and fair market value estimate matching the exact date you suffered the loss of your loved one. The ethical obligations listed within the Uniform Standards of Professional Appraisal Practice (USPAP) attunes our staff to confidentiality, ensuring the fullest degree of discretion for you and your family.

Many people do not understand that the IRS requires information filed to support the numbers involved in estate sales.

One of the most significant requirements in an appraisal is an appraiser-backed opinion of value in an exhaustive reason as to how the appraiser came to his conclusion. Such a report will certainly demonstrate to the IRS that the numbers used are accurate and correct.

Having a professional report from Neglia Appraisals gives the executor solid facts and figures to work with in meeting IRS and NY state agency requirements. There's no need to have anything but peace of mind when getting a report from us, because we will stand by it no matter what.

An exhaustive report showing the appraiser's opinion of value is important to back the methods the appraiser used to come to his conclusions.