Property Valuations for Estate Settlement by Pierce Appraisal
The responsibility 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 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 involved.
We've made a name for ourselves in supplying top-notch appraisals that lawyers and accountants have come to depend on. Often, everyone involved will have their own requirements of how the appraisal process should work; however, our knowledge of the estate process will undoubtedly satisfy all parties involved. We furnish appraisal reports that out-strip the requirements of the legal system and various groups.
Contact us today to discuss your personal estate appraisal requirements and how we can put our knowledge to work for you.
Settling an estate generally depends on an appraisal to suggest fair market value for the property affected. We empathize 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 are times that the effective date of an appraisal report deviates from the date of your loss. Pierce Appraisal assures that our appraisers are accustomed to the procedures and requirements requested by revenue services to produce a retroactive appraisal with an effective date and fair market value estimate matching the date you suffered the loss of your loved one. The ethics provision stated within the Uniform Standards of Professional Appraisal Practice (USPAP) binds our company to confidentiality, assuring the strongest degree of discretion for you and your loved ones.
The importance of owning an appraisal report when cooperating with the IRS to show income when filing documents is often not considered by most people.
A comprehensive report showing the appraiser's opinion of value is necessary to support the methods the appraiser used to come to his conclusions. Such a report will clearly demonstrate to the authorities that the numbers used are accurate and correct.
Pierce Appraisal ensures an well-founded report, which will provide an executor accurate facts and numbers that will exceed IRS and revenue agency requirements. It assures peace of mind to everyone concerned because we are there to stand behind the appraisal if it is ever challenged.
Opinions of value used in documents filed with the revenue authorities definitely should be supported by a detailed report as to how the appraiser arrived at his conclusions.