Property Valuations for Estate Settlement
Settling an estate is often stressful, but a very important job. As a trustee, you've been given the responsibility to carry out the wishes of the departed as swiftly and with as much dignity as possible. You can count on us to respond expeditiously and with as much respect to the feelings of everyone left behind.Part of Greater Bay Appraisal inc's company goal is to create top-notch, ethical appraisals that attorneys can depend on. Generally, the parties involved will have differing expectations of how the appraisal process should work; however, our experience of the estate process definitely satisfy all parties involved. In relation to our familiarity in working with attorneys and accountants and other agencies, we furnish appraisals that definitely exceed all expectations.
Usually, settling an estate requires an accurate appraisal report to ascertain market value for the house to the satisfaction of the parties involved. We understand that in times like this, acquiring an appraisal report is the furthest thought from your mind. So, we understand that the time an appraisal is requested will not match the date of death. Greater Bay Appraisal inc assures that we are comfortable with the procedures and requirements requested by revenue services to provide a retrospective appraisal with an effective date and market value estimate matching the date you suffered the loss of your loved one. The ethics provision explained within the Uniform Standards of Professional Appraisal Practice (USPAP) binds our appraisers to confidentiality, providing the highest degree of discretion for all parties involved.
The requirement of ordering an appraisal when cooperating with revenue services to show income when filing documents is often overlooked by most people.
One of the most significant requirements in an appraisal report is an appraiser-supported opinion of value in a detailed reason as to how the appraiser came to his conclusion. Such a report will clearly demonstrate to the California agencies that the numbers used are accurate and substantiated.
Having a professional report from Greater Bay Appraisal inc gives the executor solid facts and figures to work with in going beyond IRS and California state agency requirements. You need not worry over anything, because we will be there to support our work if they are ever refuted.