Appraisals for Estate Settlement by The Appraisal Office, LLC
Settling an estate is often stressful, but a very important job. As an executor you have been entrusted to carry out the wishes of the departed as quickly and with as much dignity as possible. You can count on us to act quickly and with as much compassion to the feelings of everyone in bereavement.
Lawyers and accountants depend on our ideals when calculating real property values for estates, divorces, or other disputes requiring a worth being placed on real property. There are specific needs for everyone; we comprehend these needs and are familiar to working with all parties involved. We compose appraisal reports that out-strip the necessities of the courts and different groups.
Contact us as soon as possible to discuss your specific estate appraisal specifications and how we can put our experience to work for you.
Settling an estate generally demands an appraisal to show fair market value for the property involved. It's understandable that ordering getting an appraisal is the farthest thought from your mind. Because of this, now and then there are times that the effective date of an appraisal report deviates from the time of death. The Appraisal Office, LLC assures that our appraisers are knowledgeable about the procedures and requirements needed by revenue services to perform a retroactive appraisal with an effective date and fair market value estimate matching the exact date your loved one passed away. The ethics provision stated within the Uniform Standards of Professional Appraisal Practice (USPAP) binds us to confidentiality, providing the highest degree of discretion for you and your family.
People often forget that the IRS requires documents filed to show the numbers involved in estate sales.
An exhaustive report showing the appraiser's opinion of value is required to back the methods the appraiser used to come to his conclusions. A report of this caliber will certainly substantiate your claim that the numbers expressed within the report are well-founded and accurate.
Having a professional appraisal from The Appraisal Office, LLC gives the executor solid facts and figures to work with in going beyond IRS and MN state agency requirements. You need not stress over anything, because The Appraisal Office, LLC will be there to support our reports if they are ever refuted.
Opinions of value shown in documents provided to the the IRS and MN state agencies absolutely should be supported by an exhaustive report as to how the appraiser acquired his conclusions.