Property Valuations for Estate Settlement by Maider Appraisals
The job 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 promptly and exactly as possible. You can count on us to act quickly and with as much compassion to the feelings of everyone in bereavement.
We've shown that we're experts in producing top-notch appraisals that attorneys and accountants have come to rely on. We realize their needs and are acclimated to helping with all parties involved. We create appraisal reports that exceed the needs of the courts and different groups.
Contact us today to discuss your personal estate appraisal essentials and how we can put our knowledge to work for you.
Settling an estate generally requires an appraisal to acquire fair market value for the residential property affected. We know that in this time of loss, ordering an appraisal is the furthest thought from your mind. So, it's possible the date an appraisal report is requested will not match the date of death. Our company is knowledgeable about the practices and requirements necessary to provide a retroactive appraisal with an effective date and fair market value estimate matching the exact date your loved one passed away. The ethical requirements explained within the Uniform Standards of Professional Appraisal Practice (USPAP) keeps our appraisers to confidentiality, certifying the strongest degree of discretion for you and your family.
The requirement of owning a real estate appraisal when cooperating with government agencies to show income when filing documents is often not considered by most people.
One of the most necessary requirements in an appraisal is an appraiser-supported opinion of value in a detailed reason as to how the appraiser came to his conclusion. Such a report will certainly demonstrate to the FL agencies that the numbers used are well-founded and substantiated.
Maider Appraisals will provide an substantiated appraisal report, which will provide an executor accurate facts and figures that will exceed IRS and revenue agency requirements. You need not worry over anything, because Maider Appraisals will be there to support our reports if they are 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 came to his conclusions.