Appraisals for Estate Settlement by Premier Appraisal of SoCal
Settling an estate is an important and sometimes stressful task. 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 empathy to the feelings of everyone in bereavement.
Attorneys and accountants count on our ethics when calculating real estate values for estates, divorces, or other disputes requiring a worth being placed on real property. There are required needs for everyone; we understand these needs and are familiar to dealing with all parties involved. We compose appraisal reports that outdo the necessities of the legal system and various agencies.
Contact us as soon as possible to discuss your explicit estate appraisal essentials and how we can put our business acumen to work for you.
Usually, settling an estate necessitates an clear appraisal report to ascertain fair market value for the home to the satisfaction of the parties involved. We empathize that in this time of loss, acquiring an appraisal report is the furthest thought from your mind. Due to this, it is possible that the date of death differs from the time the appraisal is requested. Our company is knowledgeable about the procedures and requirements needed to produce a retroactive appraisal with an effective date and fair market value estimate matching the date of death. The ethics provision explained within the Uniform Standards of Professional Appraisal Practice (USPAP) attunes our appraisers to confidentiality, certifying the strongest degree of privacy for you and your loved ones.
Most people don't realize that the IRS requires documents filed to express the numbers involved in estate sales.
Opinions of value shown in documents provided to the the IRS and CA state agencies absolutely should be backed by a detailed report as to how the appraiser arrived at his conclusions. This sort of report will certainly show the evidence that the numbers expressed within the report are well-founded and accurate.
Having a professional appraisal report from Premier Appraisal of SoCal gives the executor definite facts and figures to work with in meeting IRS and CA state agency requirements. It assures peace of mind to everyone concerned because we will always be there to stand behind the appraisal report if it is ever refuted.
One of the most significant requirements in a report is an appraiser-backed opinion of value in a comprehensive explanation as to how the appraiser came to his conclusion.