Property Valuations for Estate Settlement by Arnold Appraisal Service
The responsibility 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 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.
We've shown that we're experts in supplying the best appraisals that lawyers and accountants have come to rely on. Generally, the parties involved will have their own ideas of how the appraisal process should work; however, our understanding of the estate process definitely satisfy all parties involved. In our company, we are accustomed to dealing with legal agencies in providing appraisals that transcend their necessities.
Contact us today to discuss your explicit estate appraisal essentials and how we can put our knowledge to work for you.
Generally, settling an estate requires an accurate appraisal report to determine fair market value for the property to the satisfaction of the parties involved. It's understandable that ordering an appraisal is the farthest thought from your mind. Because of this, often there will be times that the date of an appraisal report differs from the time of death. Our professional staff is accustomed to the systems and requirements needed to produce a retroactive appraisal with an effective date and fair market value estimate matching the date of death. The ethical obligations explained within the Uniform Standards of Professional Appraisal Practice (USPAP) attunes our staff to confidentiality, guaranteeing the highest degree of privacy for all parties involved.
The requirement of having an appraisal when working with the IRS to prove income when filing documents is often unknown by most people.
One of the most significant requirements in an appraisal report is an appraiser-backed opinion of value in a detailed explanation as to how the appraiser came to his conclusion. A report of this caliber will certainly show your claim that the numbers within within the report are well-founded and accurate.
An executor will be over-joyed by an appraisal by Arnold Appraisal Service which will provide him undeniable facts and numbers to cooperate with the IRS and VT state agencies' requirements. It assures peace of mind to everyone concerned because we will always be there to stand behind the report if it is ever refuted.
An accurate report showing the appraiser's opinion of value is required to back the methods the appraiser used to come to his conclusions.