Estate settlements are often complicated situations. Heirs and other concerned parties may have different opinions regarding the market value or asking price of a property. By choosing an experienced appraiser, you’ll receive an unbiased valuation of the property. The opinion of value will be supported and accurate. We understand the sensitive nature of estate situations. The ethics provision within the Uniform Standards of Professional Appraisal Practice (USPAP) binds us with confidentiality, ensuring the fullest degree of discretion. Knowing some questions from heirs may arise, we offer a free consultation to anyone involved in the estate. An experienced appraiser will provide the most accurate opinion of value.
Richard Kane & Associates Ltd has a reputable, professional appraiser in your area. An appraiser that understands and has years of experience with estate situations.
Settling an estate is an important and sometimes stressful job. As an executor you have been entrusted to carry out the wishes of the deceased as swiftly and exactly as possible. You can count on us to act quickly and with sensitivity to the feelings of everyone involved.
Attorneys and Accountants rely on our values when calculating real property values for estates or other disputes requiring a value being placed on real property. We understand their needs and are used to dealing with all parties involved. We provide appraisal reports that meet the requirements of the courts and various agencies. If needed, this valuation can also be used in court.
Settling an estate usually requires an appraisal to establish Fair Market Value for the residential property involved. Often, the date of death differs from the date the appraisal is requested. We are familiar with the procedures and requirements necessary to perform a retroactive appraisal with an effective date and Fair Market Value estimate matching the date of death.
Settling an estate is a difficult experience following the loss of a loved one. When an estate has a transfer of ownership, it is very common for a real estate appraisal to be conducted for tax purposes. In these cases, the trustee is typically directed by their attorney or accountant to hire an appraiser. As an executor, not only were you given the fiduciary responsibility to carry out the wishes of the departed. You also will need to handle the estate settlement process. This is to avoid any financial penalties that could follow if the estate tax return were subject to an IRS or State estate tax audit. Having a professional appraisal gives the executor solid facts and figures to work with in meeting IRS and state agency requirements. It assures peace of mind to everyone concerned because we are there to stand behind the appraisal if it is challenged. All too often, people do not fully appreciate the need to have a detailed real estate appraisal prepared in support of the numbers being used in documents filed with revenue authorities.