Property Valuations for Estate Settlement by Chalk & Gibbs, Inc

The job of settling an estate, while stressful is very important. As an executor you have been entrusted to carry out the wishes of the departed as promptly and exactly as possible. You can count on us to act quickly and with as much sympathy to the feelings of everyone involved.

Lawyers and accountants depend on our conduct when calculating real estate values for estates, divorces, or other disputes requiring a cost being placed on real property. We are sympathetic to their needs and are used to working with all parties involved. Due to our experience in dealing with the legal system and various agencies, we offer appraisal reports that definitely transcend all expectations.

Usually, settling an estate necessitates an extensive appraisal report to show fair market value for the house to the satisfaction of the parties involved. We empathize that in this time of loss, even thinking about 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 time of death. Chalk & Gibbs, Inc assures that we are comfortable with the procedures and requirements requested by the IRS and NC revenue agencies to produce a retroactive appraisal with an effective date and fair market value estimate matching the exact date your loved one passed away. The ethics provision explained within the Uniform Standards of Professional Appraisal Practice (USPAP) attunes our company to confidentiality, ensuring the fullest degree of privacy for you.

Many times, people do not fully acknowledge the requirement to have a complete appraisal prepared in support of the numbers being used in tax documents filed with revenue authorities.

An accurate report showing the appraiser's opinion of value is important to back the methods the appraiser used to come to his conclusions. Such a report will clearly demonstrate to the NC agencies that the numbers used are well-founded and substantiated.

An executor will be over-joyed by an appraisal report by Chalk & Gibbs, Inc which will show him solid facts and figures to work with the IRS and NC state agencies' requirements. It assures peace of mind to everyone concerned because we are there to stand behind the report if it is ever refuted.

Opinions of value shown in documents filed with the the IRS and NC state agencies absolutely should be backed by a comprehensive report as to how the appraiser arrived at his conclusions.