Estate Settlement Appraisals in NY by Kevin J. Minor

Estate settlement is an important and sometimes stressful task. As an executor you have been entrusted to carry out the wishes of the departed as quickly and exactly as possible. You can count on us to act quickly and with as much sympathy to the feelings of everyone involved.

Part of Kevin J. Minor's mission statement is to supply top-notch, ethical appraisals that lawyers can depend on. Often, the parties involved will have differing requirements of how the appraisal process should work; however, our understanding of the estate process will, without a doubt, satisfy all parties involved. Among our staff, we are used to dealing with legal agencies in producing reports that transcend their demands.

Settling an estate generally demands an appraisal to determine fair market value for the house in question. We empathize that when you lose a loved one, ordering an appraisal report is the furthest thought from your mind. Because of this, often there are times that the date of an appraisal report deviates from the date of your loss. Kevin J. Minor assures that our appraisers are knowledgeable about the procedures and requirements requested by the IRS and NY revenue agencies to perform a retroactive appraisal with an effective date and fair market value estimate matching the date you suffered the loss of your loved one. The ethical obligations explained within the Uniform Standards of Professional Appraisal Practice (USPAP) binds our staff to confidentiality, certifying the strongest degree of discretion for you.

Most people don't realize that the IRS needs reports filed to show the numbers involved in estate sales.

One of the most essential requirements in an appraisal report is an appraiser-supported opinion of value in a detailed explanation as to how the appraiser came to his conclusion. A report of this caliber will clearly show your claim that the numbers provided within the report are well-founded and accurate.

An executor will be ecstatic by an appraisal report by Kevin J. Minor which will provide him undeniable facts and figures to work with the IRS and NY state agencies' requirements. There's no need to be concerned when getting an appraisal from Kevin J. Minor, because we will back it no matter what.

Opinions of value shown in documents filed with the revenue authorities absolutely should be supported by an exhaustive report as to how the appraiser came to his conclusions.