Appraisals for Estate Settlement by Real Property Appraisal LLC
Estate settlement is an important and sometimes stressful job. As an executor you have been entrusted to carry out the wishes of the deceased as promptly and exactly as possible. You can count on us to act quickly and with as much understanding to the feelings of everyone in bereavement.
Attorneys and accountants depend on our conduct when calculating real estate values for estates, divorces, or other disputes requiring a value being placed on real property. Sometimes, everyone involved will have different ideas of how the appraisal process should work; however, our knowledge of the estate process will, without a doubt, satisfy all parties involved. In our company, we are used to dealing with legal agencies in assembling appraisals that transcend their needs.
Contact us as soon as possible to discuss your specialized estate appraisal specifications and how we can put our business acumen to work for you.
Settling an estate generally requires an appraisal to establish fair market value for the estate therein. We understand that in times like this, even thinking about an appraisal is the furthest thought from your mind. Because of this, now and then there can be times that the date of an appraisal report differs from the date of your loss. Our staff is comfortable with the procedures and requirements obligatory to supply 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 explained within the Uniform Standards of Professional Appraisal Practice (USPAP) keeps our company to confidentiality, assuring the highest degree of privacy for you and your loved ones.
Many times, people do not fully appreciate the demand to have a detailed appraisal prepared in support of the numbers being used in general documents filed with the IRS.
One of the most significant requirements in a report is an appraiser-supported opinion of value in an exhaustive reason as to how the appraiser came to his conclusion. A report of this caliber will definitely substantiate the evidence that the numbers within within the report are well-founded and accurate.
Real Property Appraisal LLC ensures an accurate report, which will provide an executor solid facts and numbers that will meet IRS and state agency requirements. You need not worry over anything, because we will be there to back up our appraisals if they are ever challenged.
An accurate report showing the appraiser's opinion of value is required to back the methods the appraiser used to come to his conclusions.