Appraisals for Estate Settlement by DANIEL I KANDEL
Estate settlement is often stressful, but a very important job. As an executor you have been entrusted to carry out the wishes of the deceased as swiftly and with as much dignity as possible. You can count on us to act quickly and with as much sensitivity to the feelings of everyone left behind.
Part of DANIEL I KANDEL's company goal is to offer top-notch, ethical appraisals that lawyers can depend on. We realize their needs and are acclimated to helping with all parties involved. We compose appraisal reports that transcend the needs of the courts and different agencies.
Contact us promptly to discuss your specialized estate appraisal needs and how we can put our knowledge to work for you.
Commonly, settling an estate requires an detailed appraisal report to suggest fair market value for the property to the satisfaction of the parties involved. We empathize that in times like this, acquiring an appraisal is the furthest thought from your mind. Because of this, often there will be times that the effective date of an appraisal differs from the date of your loss. We are comfortable with the systems and requirements needed to produce a retroactive appraisal with an effective date and fair market value estimate matching the date your loved one passed away. The ethical requirements stated within the Uniform Standards of Professional Appraisal Practice (USPAP) binds our company to confidentiality, assuring the strongest degree of discretion for you and your family.
Most people don't realize that the IRS requires reports filed to support the numbers involved in estate sales.
Opinions of value shown in documents provided to the revenue authorities absolutely should be backed by an accurate report as to how the appraiser arrived at his conclusions. Such a report will clearly demonstrate to the IRS that the numbers used are accurate and substantiated.
DANIEL I KANDEL ensures an substantiated appraisal report, which will give an executor clear facts and numbers that will exceed IRS and revenue agency requirements. There's no need to have anything but peace of mind when getting a report from us, because we will stand by it no matter what.
An exhaustive report showing the appraiser's opinion of value is required to support the methods the appraiser used to come to his conclusions.
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