Maffeo-Kelly Appraisal Co., LLC understands the special needs of estate executors
The responsibility of settling an estate, while stressful is very important. As an executor you have been entrusted to carry out the wishes of the deceased as swiftly and exactly as possible. You can count on us to act quickly and with as much understanding to the feelings of everyone involved.
Lawyers and accountants count on our ethics when calculating real property values for estates, divorces, or other disputes requiring a cost being placed on real property. Often, the parties involved will have their own expectations of how the appraisal process should work; however, our understanding of the estate process definitely satisfy all parties involved. Because of our familiarity in working with the courts and different agencies, we write appraisals that always exceed all expectations.
Contact us promptly to discuss your personal estate appraisal essentials and how we can put our knowledge to work for you.
Usually, settling an estate requires an extensive appraisal report to establish fair market value for the property to the satisfaction of the parties involved. We empathize that when you lose a loved one, acquiring an appraisal is the furthest thought from your mind. Of course, it's imperative to comfort your family first. Maffeo-Kelly Appraisal Co., LLC assures that we are familiar with the procedures and requirements needed by the IRS and NJ revenue agencies to perform a retroactive appraisal with an effective date and fair market value estimate matching the exact date of death. The ethical obligations listed within the Uniform Standards of Professional Appraisal Practice (USPAP) conforms us to confidentiality, providing the highest degree of discretion for you.
People often forget that the IRS needs reports filed to show the numbers involved in estate sales.
One of the most significant requirements in a report is an appraiser-supported opinion of value in an exhaustive explanation as to how the appraiser came to his conclusion. Such a report will certainly demonstrate to the NJ agencies that the numbers used are accurate and correct.
Having a professional report from Maffeo-Kelly Appraisal Co., LLC gives the executor undeniable facts and figures to work with in going beyond IRS and NJ state agency requirements. There's no need to be concerned when getting a report from us, because we will stand by it no matter what.
Opinions of value used in documents provided to the the IRS and NJ state agencies absolutely should be backed by an accurate report as to how the appraiser arrived at his conclusions.