Property Valuations for Estate Settlement by Anderson Appraisal, LLC
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 promptly and exactly as possible. You can count on us to act quickly and with as much understanding to the feelings of everyone involved.
Attorneys and accountants depend on our understanding when calculating real estate values for estates, divorces, or other disputes requiring a value being placed on real property. Often, the parties involved will have their own requirements of how the appraisal process should work; however, our knowledge of the estate process will, without a doubt, satisfy all parties involved. We offer appraisal reports that transcend the needs of the legal system and various groups.
Contact us today to discuss your precise estate appraisal demands and how we can put our business acumen to work for you.
Settling an estate most often depends on an appraisal to establish fair market value for the home in question. We know that in this time of loss, even thinking about an appraisal report is the furthest thought from your mind. Because of this, now and then there will be times that the effective date of an appraisal differs from the date of your loss. Anderson Appraisal, LLC assures that we are comfortable with the procedures and requirements needed by the IRS and TX revenue agencies to perform 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 fullest degree of discretion for you.
Most people don't realize that the IRS needs information filed to express the numbers involved in estate sales.
A comprehensive report showing the appraiser's opinion of value is necessary to back the methods the appraiser used to come to his conclusions. Such a report will certainly demonstrate to the authorities that the numbers used are accurate and substantiated.
Anderson Appraisal, LLC ensures an substantiated report, which will give an executor definite facts and numbers that will exceed IRS and state agency requirements. You need not worry over anything, because Anderson Appraisal, LLC will be there to stand by our appraisals if they are ever challenged.
One of the most important requirements in a report is an appraiser-supported opinion of value in a detailed explanation as to how the appraiser came to his conclusion.