Community Appraisal knows the special needs of estate executors
The job 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 promptly and exactly as possible. You can count on us to act quickly and with as much understanding to the feelings of everyone in bereavement.
Lawyers and accountants rely on our ethics 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 cater to these requirements and are acclimated to dealing with all parties involved. In relation to our familiarity in working with attorneys and accountants and various agencies, we create reports that always transcend all expectations.
Contact us promptly to discuss your exact estate appraisal needs and how we can put our business acumen to work for you.
Commonly, settling an estate necessitates an extensive appraisal report to determine fair market value for the house to the satisfaction of the parties involved. We know that in this time of loss, even thinking about an appraisal report is the furthest thought from your mind. Of course, you have to comfort your loved ones first. Community Appraisal assures that our staff are accustomed to the procedures and requirements needed by the IRS and MI revenue agencies 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 requirements explained within the Uniform Standards of Professional Appraisal Practice (USPAP) keeps our appraisers to confidentiality, assuring the strongest degree of discretion for you and your loved ones.
Most people don't realize that the IRS requires documents filed to support the numbers involved in estate sales.
One of the most important requirements in an appraisal report is an appraiser-supported opinion of value in an exhaustive reason as to how the appraiser came to his conclusion. This sort of report will certainly show the evidence that the numbers displayed within the report are well-founded and accurate.
Having a professional appraisal report from Community Appraisal gives the executor irrefutable facts and figures to work with in going beyond IRS and MI state agency requirements. There's no need to be concerned when getting a report from us, because we will back it no matter what.
Opinions of value shown in documents filed with the revenue authorities definitely should be backed by an accurate report as to how the appraiser arrived at his conclusions.