![]() Property Valuations for Estate Settlement by Greg FlorianThe job 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 with as much dignity as possible. You can count on us to act quickly and with as much understanding to the feelings of everyone in bereavement. Lawyers and accountants count on our ethics when calculating real property values for estates, divorces, or other disputes requiring a worth being placed on real property. There are required needs for everyone; we comprehend these requirements and are acclimated to working with all parties involved. In our company, we are used to interacting with legal agencies in assembling appraisal reports that exceed their demands. Contact us immediately to discuss your specialized estate appraisal needs and how we can put our experience to work for you. Usually, settling an estate requires an extensive appraisal report to determine fair market value for the property to the satisfaction of the parties involved. It's understandable that thinking about getting an appraisal is the farthest thought from your mind. So, there's a chance the date an appraisal is needed will be different from the date of death. Greg Florian assures that our staff are comfortable with the procedures and requirements requested by the IRS and OH revenue agencies to supply a retroactive appraisal with an effective date and fair market value estimate matching the date your loved one passed away. The ethics provision stated within the Uniform Standards of Professional Appraisal Practice (USPAP) conforms our company to confidentiality, ensuring the strongest degree of privacy for you and your loved ones. Often, people do not fully realize the need to have a detailed appraisal produced in support of the numbers displayed in tax documents filed with the IRS. One of the most important 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 definitely demonstrate to the IRS that the numbers used are accurate and substantiated. Having a professional report from Greg Florian gives the executor irrefutable facts and figures to work with in going beyond IRS and OH state agency requirements. You need not be concerned over anything, because we will be there to stand by our appraisals if they are ever challenged. Opinions of value shown in documents filed with the the IRS and OH state agencies definitely should be backed by a comprehensive report as to how the appraiser came to his conclusions. |