Appraisals for Estate Settlement by Property One Appraisals
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 promptly and exactly 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. There are specific needs for everyone; we cater to these requirements and are comfortable to working with all parties involved. We construct appraisal reports that meet the obligations of the courts and assorted groups.
Contact us immediately to discuss your explicit estate appraisal requirements and how we can put our business acumen to work for you.
Generally, settling an estate necessitates an detailed appraisal report to determine fair market value for the property to the satisfaction of the parties involved. We empathize that in this time of loss, ordering an appraisal report is the furthest thought from your mind. Due to this, now and then the time of death differs from the time the appraisal is ordered. Property One Appraisals assures that we are accustomed to the procedures and requirements requested by revenue services to perform a retroactive appraisal with an effective date and fair market value estimate matching the exact date of death. The ethical obligations listed within the Uniform Standards of Professional Appraisal Practice (USPAP) keeps our company to confidentiality, providing the highest degree of discretion for all parties involved.
The requirement of owning an appraisal report when working with government agencies to prove income when filing documents is often not considered by most people.
One of the most important requirements in a report is an appraiser-backed opinion of value in an exhaustive explanation as to how the appraiser came to his conclusion. Such a report will clearly demonstrate to the IRS that the numbers used are accurate and correct.
An executor will be over-joyed by an appraisal by Property One Appraisals which will show him undeniable facts and numbers to cooperate with any legal agency's requirements. You need not stress over anything, because we will be there to back up our work if they are ever challenged.
One of the most important requirements in an appraisal is an appraiser-supported opinion of value in a detailed explanation as to how the appraiser came to his conclusion.