Appraisals for Estate Settlement by Allen Appraisal Service
Estate settlement is often stressful, but a very important job. 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 in bereavement.
We've shown that we're experts in supplying top-notch appraisals that lawyers and accountants have come to depend on. Sometimes, everyone involved will have different ideas of how the appraisal process should work; however, our experience of the estate process will, without a doubt, satisfy all parties involved. We produce appraisal reports that outdo the requirements of the legal system and various groups.
Contact us as soon as possible to discuss your specialized estate appraisal essentials and how we can put our experience to work for you.
Usually, settling an estate necessitates an extensive appraisal report to acquire fair market value for the property to the satisfaction of the parties involved. It's understandable that ordering getting an appraisal is the farthest thought from your mind. Because of this, often there can be times that the date of an appraisal report differs from the date of your loss. Allen Appraisal Service assures that we are knowledgeable about the procedures and requirements needed by revenue services to produce a retroactive appraisal with an effective date and fair market value estimate matching the exact date of death. The ethical requirements listed within the Uniform Standards of Professional Appraisal Practice (USPAP) binds our appraisers to confidentiality, certifying the highest degree of privacy for you.
Most people don't realize 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 important to back the methods the appraiser used to come to his conclusions. Such a report will certainly demonstrate to the IRS that the numbers used are accurate and correct.
Having a professional appraisal report from Allen Appraisal Service gives the executor solid facts and figures to work with in exceeding IRS and UT state 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 challenged.
Opinions of value shown in documents provided to the revenue authorities definitely should be supported by an exhaustive report as to how the appraiser arrived at his conclusions.