Property Valuations for Estate Settlement by Prompt Appraisal
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 deceased as quickly and with as much dignity as possible. You can count on us to act quickly and with as much empathy to the feelings of everyone left behind.
Part of Prompt Appraisal's drive is to supply top-notch, ethical appraisals that lawyers can rely on. We comprehend their needs and are used to working with all parties involved. Among our staff, we are accustomed to working with the courts in supplying appraisal reports that meet their necessities.
Contact us today to discuss your explicit estate appraisal requirements and how we can put our knowledge to work for you.
Generally, settling an estate requires an accurate appraisal report to show fair market value for the house to the satisfaction of the parties involved. It's understandable that thinking about an appraisal is the farthest thought from your mind. So, there's a chance the date an appraisal report is ordered will differ the date of death. Our staff is familiar with the practices and requirements obligatory to produce a retroactive appraisal with an effective date and fair market value estimate matching the date of death. The ethics provision listed within the Uniform Standards of Professional Appraisal Practice (USPAP) conforms our company to confidentiality, certifying the fullest degree of privacy for you and your family.
Most people don't realize that the IRS needs reports filed to explain the numbers involved in estate sales.
One of the most necessary requirements in an appraisal is an appraiser-backed opinion of value in a comprehensive explanation as to how the appraiser came to his conclusion. Such a report will clearly demonstrate to the authorities that the numbers used are accurate and substantiated.
An executor will be over-joyed by an appraisal report by Prompt Appraisal which will provide him undeniable facts and figures to work with the IRS and MI state agencies' requirements. There's no need to be concerned when getting an appraisal from us, because we will back it no matter what.
Opinions of value used in documents filed with the the IRS and MI state agencies absolutely should be supported by an exhaustive report as to how the appraiser came to his conclusions.