Prompt Appraisal knows the special needs of estate executors
The job of settling an estate, while stressful is very important. As an executor you have been entrusted to carry out the wishes of the departed as quickly and exactly as possible. You can count on us to act quickly and with as much respect to the feelings of everyone in bereavement.
Attorneys and accountants rely on our understanding when calculating real property values for estates, divorces, or other disputes requiring a value being placed on real property. There are specific needs for everyone; we realize these requirements and are acclimated to dealing with all parties involved. We produce appraisal reports that transcend the obligations of the legal system and other agencies.
Contact us as soon as possible to discuss your explicit estate appraisal needs and how we can put our knowledge to work for you.
Settling an estate usually demands an appraisal to suggest fair market value for the residential property therein. It's understandable that ordering an appraisal is the farthest thought from your mind. Because of this, often there can be times that the effective date of an appraisal report differs from the time of death. Our staff is familiar with the systems and requirements obligatory to perform a retroactive appraisal with an effective date and fair market value estimate matching the exact date you suffered the loss of your loved one. The ethical obligations listed within the Uniform Standards of Professional Appraisal Practice (USPAP) conforms us to confidentiality, ensuring the strongest degree of discretion for all parties involved.
Many people do not understand that the IRS requires reports filed to support the numbers involved in estate sales.
One of the most important requirements in an appraisal is an appraiser-supported opinion of value in a comprehensive reason as to how the appraiser came to his conclusion. In having a report backed by Prompt Appraisal's professional appraisers, you will have the peace of mind that the numbers shown in the appraisal will certainly demonstrate to the MI agencies that the numbers used are accurate and correct.
An executor will be ecstatic by an appraisal by Prompt Appraisal which will show him undeniable facts and figures to work with the IRS and MI state agencies' requirements. There's no need to be stressed out when getting an appraisal from us, because we will back it no matter what.
Opinions of value used in documents provided to the the IRS and MI state agencies absolutely should be supported by a comprehensive report as to how the appraiser came to his conclusions.