Estate Settlement Appraisals in CA by Appraisal-One
Estate settlement is an important and sometimes stressful job. As an executor you have been entrusted to carry out the wishes of the departed as swiftly and exactly as possible. You can count on us to act quickly and with as much understanding to the feelings of everyone left behind.
Lawyers and accountants depend on our ethics when calculating real property values for estates, divorces, or other disputes requiring a value being placed on real property. Sometimes, the parties involved will have different suggestions of how the appraisal process should work; however, our understanding of the estate process will undoubtedly satisfy all parties involved. In our company, we are used to dealing with the courts in composing appraisal reports that surpass their demands.
Contact us today to discuss your individual estate appraisal essentials and how we can put our business acumen to work for you.
Generally, settling an estate requires an irrefutable appraisal report to show fair market value for the home to the satisfaction of the parties involved. It's understandable that thinking about getting an appraisal is the farthest thought from your mind. Because of this, often there can be times that the date of an appraisal deviates from the time of death. Appraisal-One assures that our appraisers are comfortable with the procedures and requirements needed by the IRS and CA revenue agencies to provide a retroactive appraisal with an effective date and fair market value estimate matching the exact date your loved one passed away. The ethics provision listed within the Uniform Standards of Professional Appraisal Practice (USPAP) keeps us to confidentiality, certifying the highest degree of privacy for all parties involved.
The requirement of needing an appraisal when working with the IRS to show income when filing documents is often overlooked by most people.
Opinions of value used in documents provided to the the IRS and CA state agencies absolutely should be supported by an accurate report as to how the appraiser arrived at his conclusions. In having a report backed by Appraisal-One's expert appraisers, you will have the understanding that the numbers shown in the appraisal report will certainly demonstrate to the IRS that the numbers used are accurate and substantiated.
Appraisal-One ensures an detailed appraisal, which will give an executor clear facts and figures that will exceed IRS and state agency requirements. You need not be concerned over anything, because Appraisal-One will be there to back up our work if they are ever challenged.
One of the most necessary 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.