![]() Property Valuations for Estate Settlement by N. J. Monastero & AssociatesThe task of settling an estate, while stressful is very important. As an executor you have been entrusted to carry out the wishes of the departed as promptly and exactly as possible. You can count on us to act quickly and with as much sensitivity to the feelings of everyone left behind. We've shown that we're experts in producing top-notch appraisals that lawyers and accountants have come to rely on. There are specific needs for everyone; we understand these necessities and are comfortable to working with all parties involved. Because of our familiarity in working with attorneys and accountants and different agencies, we provide appraisal reports that definitely transcend all expectations. Contact us today to discuss your specific estate appraisal specifications and how we can put our business acumen to work for you. Settling an estate commonly requires an appraisal to determine fair market value for the residential property therein. It's understandable that thinking about getting an appraisal is the farthest thought from your mind. Because of this, now and then there are times that the effective date of an appraisal deviates from the date of your loss. Our staff is accustomed to the systems and requirements necessary to supply a retroactive appraisal with an effective date and fair market value estimate matching the date you suffered the loss of your loved one. The ethics provision stated within the Uniform Standards of Professional Appraisal Practice (USPAP) conforms our appraisers to confidentiality, certifying the highest degree of discretion for you and your family. All too often, people do not fully fathom the need to have a complete appraisal produced in support of the numbers shown in general documents filed with revenue authorities. Opinions of value displayed in documents filed with the the IRS and NY state agencies definitely should be backed by an exhaustive report as to how the appraiser acquired his conclusions. Such a report will definitely demonstrate to the NY agencies that the numbers used are accurate and substantiated. N. J. Monastero & Associates will provide an well-founded appraisal, which will give an executor solid facts and numbers that will exceed IRS and revenue agency requirements. You need not be concerned over anything, because N. J. Monastero & Associates will be there to back up our reports if they are ever challenged. One of the most important requirements in an appraisal is an appraiser-backed opinion of value in an exhaustive explanation as to how the appraiser came to his conclusion. |