Appraisals for Estate Settlement by Mowery Appraisal Svc
The responsibility of settling an estate, while stressful is very important. As an executor you have been entrusted to carry out the wishes of the departed as promptly and exactly as possible. You can count on us to act quickly and with as much sensitivity to the feelings of everyone left behind.
We've made it our company's goal in supplying top-notch appraisals that lawyers and accountants have come to rely on. Often, all parties will have their own expectations of how the appraisal process should work; however, our understanding of the estate process definitely satisfy all parties involved. In our company, we are used to dealing with legal agencies in providing reports that surpass their needs.
Contact us as soon as possible to discuss your explicit estate appraisal specifications and how we can put our experience to work for you.
Generally, settling an estate requires an clear appraisal report to acquire fair market value for the property to the satisfaction of the parties involved. We empathize that when you lose a loved one, ordering an appraisal is the furthest thought from your mind. Due to this, there is a chance that the date of death differs from the date the appraisal is ordered. Our professional staff is familiar with the procedures and requirements needed to perform a retroactive appraisal with an effective date and fair market value estimate matching the exact date of death. The ethical requirements explained within the Uniform Standards of Professional Appraisal Practice (USPAP) keeps us to confidentiality, certifying the highest degree of discretion for all parties involved.
The importance of owning an appraisal when cooperating with revenue services to explain income when filing documents is often unknown by most people.
An exhaustive 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 IRS that the numbers used are accurate and correct.
An executor will be satisfied by an appraisal report by Mowery Appraisal Svc which will give him irrefutable facts and figures to cooperate with the IRS and IN state agencies' 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 displayed in documents provided to the revenue authorities definitely should be backed by a detailed report as to how the appraiser acquired his conclusions.