Five Borough Appraisal Service, Inc. knows the special needs of estate executors

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 swiftly and respectfully as possible. You can count on us to act quickly and with as much sensitivity to the feelings of everyone left behind.

Attorneys and accountants rely on our ethics when calculating real property values for estates, divorces, or other disputes requiring a value being placed on real property. We realize their needs and are acclimated to dealing with all parties involved. We furnish appraisal reports that meet the requirements of the courts and different groups.

Commonly, settling an estate necessitates an irrefutable appraisal report to show fair market value for the property to the satisfaction of the parties involved. It's understandable that ordering getting an appraisal is the farthest thought from your mind. Of course, it's imperative to be there for your loved ones first. Our company is accustomed to the procedures and requirements necessary to produce 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 explained within the Uniform Standards of Professional Appraisal Practice (USPAP) keeps our appraisers to confidentiality, providing the highest degree of privacy for all parties involved.

The necessity of having an appraisal when cooperating with the IRS to prove income when filing documents is often not considered by most people.

Opinions of value shown in documents filed with the revenue authorities definitely should be backed by an exhaustive report as to how the appraiser arrived at his conclusions. In having a report backed by Five Borough Appraisal Service, Inc.'s professional staff, you will have the knowledge that the numbers displayed in the report will definitely demonstrate to the authorities that the numbers used are well founded and correct.

An executor will be satisfied by an appraisal by Five Borough Appraisal Service, Inc. which will give him irrefutable facts and figures to cooperate with the IRS and NY state agencies' requirements. You need not worry over anything, because we will be there to stand by our reports if they are ever challenged.

One of the most important requirements in a report is an appraiser-backed opinion of value in a comprehensive explanation as to how the appraiser came to his conclusion.