Property Valuations for Estate Settlement by Rhiannon BakerEstate 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 promptly and respectfully as possible. You can count on us to act quickly and with as much sympathy to the feelings of everyone in bereavement. Lawyers and accountants count on our ethics when calculating real estate values for estates, divorces, or other disputes requiring a value being placed on real property. There are specific needs for everyone; we comprehend these needs and are used to to dealing with all parties involved. Among our staff, we are used to interacting with the courts in composing appraisals that transcend their requirements. Contact us immediately to discuss your precise estate appraisal demands and how we can put our knowledge to work for you. Usually, settling an estate necessitates an irrefutable 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. So, there's a chance the time an appraisal is needed will differ the date of death. Rhiannon Baker assures that we are accustomed to the procedures and requirements needed by the IRS and IL revenue agencies to produce a retroactive appraisal with an effective date and fair market value estimate matching the exact date your loved one passed away. The ethical obligations listed 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. People often forget that the IRS needs reports filed to explain the numbers involved in estate sales. Opinions of value shown in documents filed with the revenue authorities absolutely should be backed by a comprehensive report as to how the appraiser arrived at his conclusions. Such a report will definitely demonstrate to the IL agencies that the numbers used are accurate and correct. Rhiannon Baker guarantees an substantiated report, which will give an executor clear facts and figures that will meet IRS and revenue agency requirements. There's no need to worry when getting a report from us, because we will support it no matter what. An accurate report showing the appraiser's opinion of value is necessary to support the methods the appraiser used to come to his conclusions. |