After the death of a family member or loved one, the process of settling his or her estate can be especially difficult. When emotions are high and there are pressing, time-sensitive concerns, having a team of professional experts from Brookhaven Home Appraisers will make the transition smoother as we guide you through the process. Estate appraisals require an appraiser to retroactively value all subject property owned by the decedent as of the date of the owner’s passing.
Settling an estate calls for clear and complete valuation reporting in order to ascertain the fair market value for any property owned by the deceased. Though an appraisal may seem like a small detail at this time, making sure it’s done correctly will benefit you in the long run.
Oftentimes, individuals do not realize the essential requirements to obtain an appraisal report. This is where we come in. Brookhaven Home Appraiser can provide verifiable, defensible valuation numbers for tax documents to be filed with the IRS.
The value opinions indicated in filed documents with the IRS must be supported by a comprehensive report that includes how the appraiser reached such valuations. Substantiated appraisals from Brookhaven Home Appraiser provide the estate’s executor or attorney with solid numbers and facts that may exceed IRS requirements. This gives peace of mind to all parties, especially if you deal with a qualified, certified, and experienced appraisal expert for your retrospective Fair Market Value (FMV) appraisal.
In estate planning, an appraiser performs a retrospective appraisal. A retrospective appraisal finds the value of a property on a specific date in the past, usually the owner’s date of death. Aside from the retrospective value, you may have reason to request the property’s market value as of the date that ownership was transferred. If this is the case, two separate appraisals will be performed, because two different values will be issued.
Brookhaven Home Appraiser will help you to look at the relevant factors for the valuation of your inherited property. Together, you’ll review details including the recent area listed prices, selling price of comparable properties, cost of replacement, expert opinions, and the date of ownership or inheritance.
We ensure that all estate settlements and appraisal cases with Brookhaven Home Appraiser are taken care of on a priority basis. Our knowledgeable team of certified appraisers is ready to help answer your questions regarding any type of estate settlement case. The process of settling an estate is an important job, but it can be a stressful process. We want to help you make it a little easier.
Regardless of your needs or the elapsed time, our staff of state-certified appraisers at Brookhaven Home Appraiser understand the complexities involved in assessing the value of a property under these difficult circumstances. We strive provide you with the best possible experience.
Contact Brookhaven Home Appraiser today to schedule your estate or date of death appraisal today. Brookhaven Home Appraiser has the experience and qualifications to meet all your appraisal needs.