Appraisals for Estate Settlement by The Appraisal Shoppe, Inc.
The responsibility of settling an estate, often a source of stress is very important. As an executor you have been entrusted to carry out the wishes of the deceased as quickly and with as much dignity as possible. You can count on us to act quickly and with as much compassion to the feelings of everyone involved.
Lawyers and accountants rely 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 their own requirements of how the appraisal process should work; however, our knowledge of the estate process will undoubtedly satisfy all parties involved. We produce appraisal reports that meet the necessities of the legal system and assorted agencies.
Contact us promptly to discuss your precise estate appraisal essentials and how we can put our experience to work for you.
Settling an estate commonly demands an appraisal to suggest fair market value for the residential property in question. It's understandable that thinking about getting an appraisal is the farthest thought from your mind. So, we understand that the time an appraisal is needed will deviate the date of death. Our company is comfortable with the systems and requirements obligatory to perform a retroactive appraisal with an effective date and fair market value estimate matching the date of death. The ethical obligations stated within the Uniform Standards of Professional Appraisal Practice (USPAP) binds our staff to confidentiality, guaranteeing the highest degree of privacy for you and your loved ones.
Most people don't realize that the IRS requires documents filed to show the numbers involved in estate sales.
Opinions of value displayed in documents filed with the revenue authorities definitely should be backed by an exhaustive report as to how the appraiser arrived at his conclusions. Such a report will definitely demonstrate to the IRS that the numbers used are well-founded and correct.
The Appraisal Shoppe, Inc. will provide an accurate report, which will provide an executor clear facts and numbers that will meet IRS and revenue agency requirements. It assures peace of mind to everyone concerned because we assure you that we will stand behind the report if it is ever refuted.
One of the most significant requirements in an appraisal report is an appraiser-supported opinion of value in a detailed reason as to how the appraiser came to his conclusion.