Property Valuations for Estate Settlement by Mike's Appraisals
Estate settlement is an important and sometimes stressful task. 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 sympathy to the feelings of everyone involved.
We've shown that we're experts in providing excellent appraisals that attorneys and accountants have come to depend on. There are specific needs for everyone; we comprehend these needs and are used to to working with all parties involved. We assemble appraisal reports that surpass the obligations of the courts and assorted agencies.
Contact us promptly to discuss your individual estate appraisal specifications and how we can put our knowledge to work for you.
Usually, settling an estate necessitates an extensive appraisal report to ascertain fair market value for the home to the satisfaction of the parties involved. It's understandable that thinking about getting an appraisal is the farthest thought from your mind. Because of this, now and then there are times that the date of an appraisal deviates from the date of your loss. Our professional staff is accustomed to the procedures and requirements obligatory to supply a retroactive appraisal with an effective date and fair market value estimate matching the exact date you suffered the loss of your loved one. The ethics provision listed within the Uniform Standards of Professional Appraisal Practice (USPAP) binds us to confidentiality, assuring the highest degree of discretion for you and your family.
Most people don't realize that the IRS needs information filed to express the numbers involved in estate sales.
One of the most essential requirements in a report is an appraiser-backed opinion of value in a detailed explanation as to how the appraiser came to his conclusion. Such a report will definitely demonstrate to the IRS that the numbers used are accurate and substantiated.
Having a professional appraisal report from Mike's Appraisals gives the executor definite facts and figures to work with in going beyond IRS and CA state agency requirements. You need not be concerned over anything, because we will be there to stand by our reports if they are ever challenged.
Opinions of value used in documents provided to the the IRS and CA state agencies definitely should be supported by an accurate report as to how the appraiser came to his conclusions.