Property Valuations for Estate Settlement by Sarah WattsThe 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 departed as swiftly and respectfully as possible. You can count on us to act quickly and with as much sensitivity to the feelings of everyone involved. Attorneys and accountants depend on our understanding when calculating real estate values for estates, divorces, or other disputes requiring a cost being placed on real property. Usually, everyone involved will have differing expectations of how the appraisal process should work; however, our knowledge of the estate process will undoubtedly satisfy all parties involved. In our company, we are accustomed to working with law offices in assembling appraisal reports that out-strip their requirements. Contact us as soon as possible to discuss your individual estate appraisal requirements and how we can put our business acumen to work for you. Settling an estate most often demands an appraisal to determine fair market value for the estate in question. We know that when you lose a loved one, acquiring an appraisal report is the furthest thought from your mind. So, it's possible the date an appraisal report is requested will be different from the date of death. Our professional staff is familiar with the practices and requirements obligatory to supply a retroactive appraisal with an effective date and fair market value estimate matching the exact date your loved one passed away. The ethical obligations listed within the Uniform Standards of Professional Appraisal Practice (USPAP) conforms us to confidentiality, guaranteeing the fullest degree of discretion for all parties involved. People often forget that the IRS needs reports filed to support the numbers involved in estate sales. An accurate report showing the appraiser's opinion of value is required to support the methods the appraiser used to come to his conclusions. Such a report will definitely demonstrate to the authorities that the numbers used are well-founded and substantiated. Sarah Watts ensures an accurate appraisal, which will provide an executor accurate facts and numbers that will exceed IRS and revenue agency requirements. You need not worry over anything, because we will be there to back up our reports if they are ever refuted. Opinions of value shown in documents provided to the the IRS and VA state agencies definitely should be supported by a detailed report as to how the appraiser acquired his conclusions. |