Property Valuations for Estate Settlement by Las Palmas Appraisals
Estate 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 swiftly and respectfully as possible. You can count on us to act quickly and with as much compassion to the feelings of everyone in bereavement.
We've shown that we're experts in producing excellent appraisals that lawyers and accountants have come to rely on. Sometimes, the parties involved will have differing requirements of how the appraisal process should work; however, our knowledge of the estate process will, without a doubt, satisfy all parties involved. In our company, we are used to interacting with the courts in writing reports that transcend their demands.
Contact us as soon as possible to discuss your personal estate appraisal demands and how we can put our experience to work for you.
Settling an estate generally requires an appraisal to show fair market value for the estate involved. We sympathize that in times like this, even thinking about an appraisal report is the furthest thought from your mind. So, it's possible the time an appraisal report is requested will not match the date of death. Our professional staff is knowledgeable about the practices and requirements needed to produce 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) conforms us to confidentiality, assuring the fullest degree of discretion for you and your loved ones.
Most people don't realize that the IRS requires documents filed to explain the numbers involved in estate sales.
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 acquired his conclusions. This sort of report will clearly demonstrate the evidence that the numbers within within the report are well-founded and accurate.
Las Palmas Appraisals will provide an accurate appraisal, which will provide an executor clear facts and numbers that will exceed IRS and state agency requirements. You need not worry over anything, because we will be there to back up our appraisals if they are ever refuted.
One of the most necessary requirements in a report is an appraiser-backed opinion of value in a comprehensive reason as to how the appraiser came to his conclusion.