Estate Settlement Appraisals in RI by Jay Flanagan
The task of settling an estate, often a source of stress is very important. As an executor you have been entrusted to carry out the wishes of the deceased as promptly and respectfully as possible. You can count on us to act quickly and with as much empathy to the feelings of everyone involved.
We’ve made it our company’s goal in providing the best appraisals that attorneys and accountants have come to rely on. There are required needs for everyone; we are sympathetic to these requirements and are familiar to working with all parties involved. Among our staff, we are accustomed to dealing with the courts in providing appraisal reports that out-strip their requirements.
Settling an estate commonly demands an appraisal to establish fair market value for the residential property in question. We understand 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 loved ones first. We are comfortable with the systems and requirements needed to supply a retroactive appraisal with an effective date and fair market value estimate matching the exact date of death. The ethical obligations stated within the Uniform Standards of Professional Appraisal Practice (USPAP) conforms our staff to confidentiality, assuring the strongest degree of privacy for you and your loved ones.
All too often, people do not fully fathom the necessity in having a comprehensive appraisal report prepared in support of the numbers being used in tax documents filed with the IRS and RI state agencies.
One of the most important requirements in an appraisal is an appraiser-supported opinion of value in a detailed explanation as to how the appraiser came to his conclusion. In having a report supported by Jay Flanagan’s professional staff, you will have the peace of mind that the numbers provided in the appraisal report will certainly demonstrate to the authorities that the numbers used are well founded and substantiated.
Having a professional report from Jay Flanagan gives the executor solid facts and figures to work with in exceeding IRS and RI state agency requirements. You need not worry over anything, because Jay Flanagan will be there to support our work if they are ever challenged.
A comprehensive report showing the appraiser’s opinion of value is necessary to support the methods the appraiser used to come to his conclusions.