Appraisals for Estate Settlement by TNC Appraisal Service, Inc.
Settling an estate is an important and sometimes stressful task. As an executor you have been entrusted to carry out the wishes of the departed as swiftly and with as much dignity as possible. You can count on us to act quickly and with as much sympathy to the feelings of everyone involved.
Lawyers and accountants depend on our conduct when calculating real estate values for estates, divorces, or other disputes requiring a value being placed on real property. There are specific needs for everyone; we understand these needs and are acclimated to dealing with all parties involved. Among our staff, we are accustomed to interacting with the courts in creating appraisal reports that out-strip their necessities.
Contact us promptly to discuss your specialized estate appraisal needs and how we can put our business acumen to work for you.
Settling an estate usually depends on an appraisal to establish fair market value for the residential property involved. We sympathize that in this time of loss, acquiring an appraisal is the furthest thought from your mind. Of course, it's expected that you need to comfort your loved ones first. TNC Appraisal Service, Inc. assures that our staff are comfortable with the procedures and requirements requested by the IRS and NJ revenue agencies to produce a retroactive appraisal with an effective date and fair market value estimate matching the exact date your loved one passed away. The ethics provision listed within the Uniform Standards of Professional Appraisal Practice (USPAP) attunes us to confidentiality, certifying the highest degree of discretion for you and your family.
Most of the time people do not fully appreciate the necessity in having an exhaustive appraisal report supplied in support of the numbers displayed in general documents filed with the IRS.
Opinions of value displayed in documents provided to the the IRS and NJ state agencies absolutely should be backed by a detailed report as to how the appraiser came to his conclusions. Such a report will certainly demonstrate to the NJ agencies that the numbers used are well-founded and correct.
Having a professional appraisal from TNC Appraisal Service, Inc. gives the executor solid facts and figures to work with in meeting IRS and NJ state agency requirements. It assures peace of mind to everyone concerned because we are there to stand behind the appraisal if it is ever refuted.
One of the most essential requirements in an appraisal report is an appraiser-backed opinion of value in a comprehensive explanation as to how the appraiser came to his conclusion.