Appraisals for Estate Settlement by Chris Peterson
The job 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 promptly and with as much dignity as possible. You can count on us to act quickly and with as much respect to the feelings of everyone left behind.
Attorneys and accountants rely on our ethics when calculating real property values for estates, divorces, or other disputes requiring a value being placed on real property. Generally, all parties will have differing expectations of how the appraisal process should work; however, our understanding of the estate process will undoubtedly satisfy all parties involved. We provide appraisal reports that outdo the necessities of the courts and other agencies.
Contact us promptly to discuss your precise estate appraisal specifications and how we can put our experience to work for you.
Generally, settling an estate necessitates an extensive appraisal report to suggest fair market value for the house to the satisfaction of the parties involved. It's understandable that thinking about an appraisal is the farthest thought from your mind. So, we understand that the date an appraisal is requested will deviate the date of death. Our staff is familiar with the procedures and requirements obligatory to supply a retroactive appraisal with an effective date and fair market value estimate matching the date you suffered the loss of your loved one. The ethical obligations listed within the Uniform Standards of Professional Appraisal Practice (USPAP) conforms our company to confidentiality, guaranteeing the fullest degree of privacy for you and your loved ones.
Most of the time people do not fully fathom the requirement to have a full real estate appraisal produced in support of the numbers displayed in tax documents filed with the IRS.
A comprehensive report showing the appraiser's opinion of value is important to back the methods the appraiser used to come to his conclusions. This sort of report will certainly show your claim that the numbers expressed within the report are well-founded and accurate.
An executor will be over-joyed by an appraisal report by Chris Peterson which will provide him undeniable facts and figures to cooperate with revenue agencies' requirements. You need not be concerned over anything, because we will be there to back up our reports if they are ever refuted.
Opinions of value shown in documents filed with the the IRS and CA state agencies absolutely should be supported by a comprehensive report as to how the appraiser acquired his conclusions.