Estate Settlement Appraisals in FL by Otero and Associates Appraisal

Settling an estate is often stressful, but a very important job. 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 compassion to the feelings of everyone involved.

Lawyers and accountants count on our understanding when calculating real estate values for estates, divorces, or other disputes requiring a cost being placed on real property. We cater to their needs and are accustomed to helping with all parties involved. Among our staff, we are accustomed to interacting with law offices in providing appraisal reports that exceed their needs.

Settling an estate usually requires an appraisal to ascertain fair market value for the residential property involved. It's understandable that ordering an appraisal is the farthest thought from your mind. Of course, you have to take care of your loved ones first. We are familiar with the practices and requirements necessary to provide 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 listed within the Uniform Standards of Professional Appraisal Practice (USPAP) attunes us to confidentiality, providing the fullest degree of privacy for you.

People often forget that the IRS needs documents filed to explain the numbers involved in estate sales.

An accurate report showing the appraiser's opinion of value is important to back the methods the appraiser used to come to his conclusions. In having a report supported by Otero and Associates Appraisal's expert 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 correct.

Having a professional appraisal from Otero and Associates Appraisal gives the executor definite facts and figures to work with in exceeding IRS and FL state agency requirements. It assures peace of mind to everyone concerned because we will always be there to stand behind the appraisal if it is ever refuted.

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