Estate Planning in Orleans, MA
Settling an estate is an essential and sometimes stressful job. As an executor, you have been entrusted to carry out the wishes of the deceased swiftly and precisely. You can count on our services for estate planning in Orleans, MA. Trust that we act quickly and with sensitivity to the feelings of everyone involved.
Attorneys and accountants rely on us to calculate real property values for estates. We are used to dealing with all parties involved and understand their needs. We provide appraisal reports that meet the requirements of the courts and various agencies.
Settling an estate usually requires an appraisal to establish a fair market value for the residential property involved. Often, the day 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. The ethics provision within the Uniform Standards of Professional Appraisal Practice (USPAP) binds us with confidentiality, ensuring the fullest degree of discretion.
All too often during estate planning, 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.
Opinions of value used in documents filed with the revenue authorities should be supported by a detailed report as to how the appraiser arrived at his conclusions. Such a report will certainly demonstrate to the authorities that the numbers used are well-founded and substantiated.
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.