Property Valuations for Estate Settlement by T.H.E. Appraisers
Estate settlement is an important and sometimes stressful task. As an executor you have been entrusted to carry out the wishes of the deceased as quickly and exactly as possible. You can count on us to act quickly and with as much empathy to the feelings of everyone left behind.
Lawyers and accountants count on our understanding when calculating real property values for estates, divorces, or other disputes requiring a value being placed on real property. We understand their needs and are accustomed to helping with all parties involved. We furnish appraisal reports that meet the requirements of the courts and assorted agencies.
Contact us as soon as possible to discuss your precise estate appraisal requirements and how we can put our knowledge to work for you.
Settling an estate generally requires an appraisal to establish fair market value for the property in question. We understand that in times like this, even thinking about an appraisal is the furthest thought from your mind. Because of this, now and then there can be times that the date of an appraisal report deviates from the time of death. We are familiar with the procedures and requirements necessary to produce a retroactive appraisal with an effective date and fair market value estimate matching the date your loved one passed away. The ethics provision explained within the Uniform Standards of Professional Appraisal Practice (USPAP) keeps our appraisers to confidentiality, guaranteeing the strongest degree of discretion for you and your family.
Most people don't realize that the IRS needs documents filed to express the numbers involved in estate sales.
An accurate report showing the appraiser's opinion of value is required 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 report from T.H.E. Appraisers gives the executor irrefutable facts and figures to work with in meeting IRS and IA state 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 displayed in documents filed with the the IRS and IA state agencies definitely should be backed by a comprehensive report as to how the appraiser acquired his conclusions.