Appraisals Residential knows the special needs of estate executors
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 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.
Lawyers and accountants rely on our understanding when calculating real estate values for estates, divorces, or other disputes requiring a worth being placed on real property. We comprehend their needs and are accustomed to helping with all parties involved. We create appraisal reports that transcend the necessities of the legal system and various groups.
Contact us as soon as possible to discuss your personal estate appraisal needs and how we can put our experience to work for you.
Generally, settling an estate necessitates an detailed appraisal report to establish fair market value for the home to the satisfaction of the parties involved. It's understandable that ordering getting an appraisal is the farthest thought from your mind. Due to this, sometimes the date of death differs from the date the appraisal is ordered. Our professional staff is accustomed to the systems and requirements necessary to supply a retroactive appraisal with an effective date and fair market value estimate matching the date your loved one passed away. The ethics provision stated within the Uniform Standards of Professional Appraisal Practice (USPAP) binds our company to confidentiality, providing the strongest degree of privacy for you and your loved ones.
Many people do not understand that the IRS needs information filed to express the numbers involved in estate sales.
A comprehensive report showing the appraiser's opinion of value is necessary to back the methods the appraiser used to come to his conclusions. Such a report will clearly demonstrate to the authorities that the numbers used are well-founded and correct.
Having a professional appraisal from Appraisals Residential gives the executor irrefutable facts and figures to work with in exceeding IRS and CA state agency requirements. There's no need to have anything but peace of mind when getting a report from us, because we will back it no matter what.
Opinions of value shown in documents filed with the revenue authorities definitely should be backed by an accurate report as to how the appraiser came to his conclusions.