Property Valuations for Estate Settlement by Premier Appraisal of SoCal
The task 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 swiftly and with as much dignity as possible. You can count on us to act quickly and with as much sensitivity to the feelings of everyone involved.
Part of Premier Appraisal of SoCal's company goal is to supply top-notch, ethical appraisals that lawyers can depend on. Generally, everyone involved will have different requirements of how the appraisal process should work; however, our experience of the estate process definitely satisfy all parties involved. Due to our experience in working with the legal system and different agencies, we write appraisal reports that definitely transcend all expectations.
Contact us as soon as possible to discuss your exact estate appraisal needs and how we can put our knowledge to work for you.
Settling an estate generally depends on an appraisal to acquire fair market value for the residential property therein. We understand that in this time of loss, ordering an appraisal is the furthest thought from your mind. Because of this, now and then there are times that the date of an appraisal report deviates from the date of your loss. We are accustomed to the procedures and requirements obligatory to produce a retroactive appraisal with an effective date and fair market value estimate matching the exact date you suffered the loss of your loved one. The ethical requirements explained within the Uniform Standards of Professional Appraisal Practice (USPAP) attunes our appraisers to confidentiality, certifying the highest degree of privacy for you and your family.
Most people don't realize that the IRS requires reports filed to express the numbers involved in estate sales.
Opinions of value shown in documents filed with the revenue authorities definitely should be supported by an exhaustive report as to how the appraiser arrived at his conclusions. Such a report will certainly demonstrate to the IRS that the numbers used are accurate and substantiated.
Premier Appraisal of SoCal will provide an accurate appraisal, which will provide an executor solid facts and numbers that will meet IRS and state agency requirements. You need not be concerned over anything, because we will be there to back up our appraisals if they are ever challenged.
One of the most essential requirements in an appraisal report is an appraiser-supported opinion of value in a comprehensive reason as to how the appraiser came to his conclusion.