Property Valuations for Estate Settlement by Appraiz-it, LLC
The task 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 sympathy to the feelings of everyone left behind.
Attorneys and accountants rely on our understanding when calculating real property values for estates, divorces, or other disputes requiring a cost being placed on real property. Generally, the parties involved will have their own suggestions of how the appraisal process should work; however, our knowledge of the estate process will undoubtedly satisfy all parties involved. In our company, we are accustomed to working with legal agencies in creating appraisals that transcend their needs.
Contact us promptly to discuss your specialized estate appraisal specifications and how we can put our knowledge to work for you.
Settling an estate usually depends on an appraisal to suggest fair market value for the house therein. We sympathize that when you lose a loved one, acquiring an appraisal is the furthest thought from your mind. Because of this, now and then there can be times that the effective date of an appraisal report deviates from the time of death. Appraiz-it, LLC assures that our appraisers are familiar with the procedures and requirements requested by the IRS and MI revenue agencies to supply a retroactive appraisal with an effective date and fair market value estimate matching the date your loved one passed away. The ethical obligations explained within the Uniform Standards of Professional Appraisal Practice (USPAP) keeps us to confidentiality, assuring the highest degree of discretion for you and your loved ones.
Most of the time people do not fully comprehend the necessity in having an exhaustive appraisal report supplied in support of the numbers being used in tax documents filed with the IRS and MI state agencies.
Opinions of value used in documents provided to the the IRS and MI state agencies absolutely should be backed by a detailed report as to how the appraiser came to his conclusions. Such a report will clearly demonstrate to the IRS that the numbers used are well-founded and substantiated.
Appraiz-it, LLC guarantees an accurate appraisal, which will provide an executor solid facts and numbers that will exceed IRS and state agency requirements. You need not be concerned over anything, because Appraiz-it, LLC will be there to support our reports if they are ever refuted.
One of the most important requirements in an appraisal is an appraiser-supported opinion of value in a comprehensive explanation as to how the appraiser came to his conclusion.