Community Appraisal knows the special needs of estate executors
Settling an estate is an important and sometimes stressful job. As an executor you have been entrusted to carry out the wishes of the departed as promptly and respectfully as possible. You can count on us to act quickly and with as much compassion to the feelings of everyone left behind.
Attorneys and accountants depend on our ideals when calculating real estate values for estates, divorces, or other disputes requiring a worth being placed on real property. We cater to their needs and are acclimated to dealing with all parties involved. In our company, we are accustomed to dealing with the courts in writing reports that surpass their requirements.
Contact us today to discuss your unique estate appraisal needs and how we can put our business acumen to work for you.
Commonly, settling an estate requires an detailed appraisal report to determine fair market value for the property to the satisfaction of the parties involved. It's understandable that ordering getting an appraisal is the farthest thought from your mind. So, there's a chance the date an appraisal is ordered will be different from the date of death. Community Appraisal assures that we are knowledgeable about the procedures and requirements needed by revenue services to perform a retroactive appraisal with an effective date and fair market value estimate matching the date of death. The ethical requirements explained within the Uniform Standards of Professional Appraisal Practice (USPAP) conforms our company to confidentiality, guaranteeing the highest degree of discretion for you.
Most people don't realize that the IRS needs information filed to show the numbers involved in estate sales.
One of the most essential requirements in an appraisal is an appraiser-backed opinion of value in a comprehensive reason as to how the appraiser came to his conclusion. In having a report backed by Community Appraisal's expert appraisers, you will have the knowledge that the numbers displayed in the report will certainly demonstrate to the IRS that the numbers used are accurate and correct.
An executor will be over-joyed by a report by Community Appraisal which will provide him solid facts and numbers to cooperate with revenue agencies' requirements. You need not worry over anything, because Community Appraisal will be there to support our work if they are ever refuted.
Opinions of value used in documents filed with the the IRS and MI state agencies definitely should be supported by a comprehensive report as to how the appraiser came to his conclusions.