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Estate PLanning/Settlement

Estate Planning Appraisals in NY: Expert Property Valuations for Fair Settlements | Urban Appraisals

Estate PLanning/Settlement

Executors, Attorneys and Accountants rely on our services and expertise to accommodate their legal and tax concerns. When settling an estate, we understand that a retrospective Estate Planning Appraisals with a unique effective date known as the Date of Death (DOD), or a date within six months is required. Furthermore, you may want to accurately verify and limit your exposure to taxes, and correctly organize your property. The IRS and other agencies may depend on the results of this type of appraisal report. Our team of appraisers is very experienced and knowledgeable with this type of assignment. All of our findings, conclusions and reports are confidential as required by the Uniform Standards of Professional Appraisal Practice (USPAP).

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Importance of Real Estate Appraisals

⦁ Accurate Valuation: Appraisals provide an accurate valuation of real estate assets, which is essential for determining the total value of an estate. This ensures fair distribution among heirs and beneficiaries.
⦁ Tax Purposes: Accurate appraisals are necessary for calculating estate taxes. The value of the real estate must be reported accurately to the Internal Revenue Service (IRS) and state tax authorities.
⦁ Equitable Distribution: When an estate includes multiple beneficiaries, appraisals help ensure that the distribution of assets is equitable, reducing the potential for disputes.
⦁ Market Understanding: Appraisals offer insights into the current market conditions, which can be beneficial for heirs who may choose to sell the property.

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Our Work Process

Our Appraisal Work Process

At Urban Appraisals, we deliver accurate, reliable, and professional appraisal services through a streamlined process. From the initial consultation to the final report, we focus on precision, transparency, and client satisfaction. Our certified appraisers thoroughly inspect your property, conduct in-depth market analysis, and provide a detailed, USPAP-compliant report accepted by New York Courts, the IRS, and other agencies. Whether for bankruptcy or real estate valuation, our efficient process ensures timely and professional results tailored to your specific needs. Trust us for quality and reliability every step of the way.

Consultation and Planning

We begin by understanding your unique needs, gathering details about your property, and explaining the appraisal process.

Detailed Property Inspection

Our certified appraisers conduct a thorough on-site inspection, assessing all relevant aspects of your property.

Market Research and Analysis

Using the latest market data, we compare similar properties to establish a fair and accurate valuation.

Comprehensive Reporting

We deliver a detailed, USPAP-compliant appraisal report accepted by New York Courts, the IRS, and other agencies.