Estate Settlement Appraisals in NJ by TNC Appraisal Service, Inc.
The responsibility of settling an estate, often a source of stress is very important. As an executor you have been entrusted to carry out the wishes of the deceased as promptly and respectfully as possible. You can count on us to act quickly and with as much sympathy to the feelings of everyone in bereavement.
Attorneys and accountants count on our conduct when calculating real estate values for estates, divorces, or other disputes requiring a value being placed on real property. There are required needs for everyone; we understand these needs and are comfortable to dealing with all parties involved. In our company, we are used to working with legal agencies in providing appraisals that transcend their necessities.
Contact us today to discuss your unique estate appraisal requirements and how we can put our business acumen to work for you.
Commonly, settling an estate necessitates an extensive appraisal report to show fair market value for the home to the satisfaction of the parties involved. It's understandable that ordering an appraisal is the farthest thought from your mind. Because of this, often there are times that the effective date of an appraisal report differs from the time of death. Our professional staff is knowledgeable about the practices and requirements needed to provide a retroactive appraisal with an effective date and fair market value estimate matching the exact date your loved one passed away. The ethics provision stated within the Uniform Standards of Professional Appraisal Practice (USPAP) attunes us to confidentiality, certifying the strongest degree of privacy for all parties involved.
Many times, people do not fully appreciate the need to have a comprehensive real estate appraisal produced in support of the numbers shown in general documents filed with the IRS.
Opinions of value used in documents provided to the revenue authorities definitely should be supported by a comprehensive report as to how the appraiser came to his conclusions. Such a report will clearly demonstrate to the IRS that the numbers used are accurate and correct.
Having a professional appraisal from TNC Appraisal Service, Inc. gives the executor irrefutable facts and figures to work with in going beyond IRS and NJ state agency requirements. It assures peace of mind to everyone concerned because we will always be there to stand behind the report if it is ever refuted.
Opinions of value shown in documents filed with the the IRS and NJ state agencies definitely should be backed by a detailed report as to how the appraiser came to his conclusions.