Estate Settlement Appraisals in CA by Premier Appraisal of SoCal
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 promptly and respectfully as possible. You can count on us to act quickly and with as much compassion to the feelings of everyone involved.
Part of Premier Appraisal of SoCal's focus is to offer top-notch, ethical appraisals that lawyers can rely on. Usually, the parties involved will have their own requirements of how the appraisal process should work; however, our experience of the estate process will undoubtedly satisfy all parties involved. We write appraisal reports that surpass the needs of the legal system and assorted agencies.
Contact us as soon as possible to discuss your unique estate appraisal requirements and how we can put our business acumen to work for you.
Settling an estate usually depends on an appraisal to establish fair market value for the property in question. We empathize that in times like this, even thinking about an appraisal is the furthest thought from your mind. Due to this, often the time of death differs from the time the appraisal is requested. Our staff is comfortable with the procedures and requirements needed to produce a retroactive appraisal with an effective date and fair market value estimate matching the exact date of death. The ethics provision explained within the Uniform Standards of Professional Appraisal Practice (USPAP) attunes our company to confidentiality, providing the fullest degree of privacy for all parties involved.
Most people don't realize that the IRS needs information filed to show the numbers involved in estate sales.
Opinions of value shown in documents filed with the revenue authorities definitely should be backed by an accurate report as to how the appraiser acquired his conclusions. Such a report will definitely demonstrate to the authorities that the numbers used are well-founded and correct.
Having a professional appraisal from Premier Appraisal of SoCal gives the executor undeniable facts and figures to work with in meeting IRS and CA state agency requirements. It assures peace of mind to everyone concerned because we are there to stand behind the report if it is ever refuted.
One of the most essential requirements in a report is an appraiser-backed opinion of value in a comprehensive explanation as to how the appraiser came to his conclusion.