Property Valuations for Estate Settlement by All City Appraisal
Settling an estate is often stressful, but a very important job. As an executor you have been entrusted to carry out the wishes of the deceased as promptly and respectfully as possible. You can count on us to act quickly and with as much understanding to the feelings of everyone left behind.
Attorneys and accountants count on our understanding when calculating real estate values for estates, divorces, or other disputes requiring a value being placed on real property. Usually, everyone involved will have differing requirements of how the appraisal process should work; however, our understanding of the estate process definitely satisfy all parties involved. In relation to our familiarity in working with the legal system and various agencies, we assemble reports that always outdo all expectations.
Contact us immediately to discuss your specific estate appraisal needs and how we can put our business acumen to work for you.
Settling an estate usually demands an appraisal to ascertain fair market value for the estate involved. We know that in times like this, acquiring an appraisal report is the furthest thought from your mind. Due to this, sometimes the time of death differs from the time the appraisal is needed. All City Appraisal assures that our appraisers are knowledgeable about the procedures and requirements needed by revenue services to provide a retroactive appraisal with an effective date and fair market value estimate matching the date your loved one passed away. The ethical obligations listed within the Uniform Standards of Professional Appraisal Practice (USPAP) conforms our company to confidentiality, ensuring the strongest degree of discretion for all parties involved.
Many people do not understand that the IRS requires documents filed to explain the numbers involved in estate sales.
A comprehensive report showing the appraiser's opinion of value is necessary to support the methods the appraiser used to come to his conclusions. A report of this caliber will clearly show the evidence that the numbers provided within the report are well-founded and accurate.
An executor will be over-joyed by an appraisal by All City Appraisal which will give him solid facts and numbers to work with the IRS and CA state agencies' requirements. There's no need to worry when getting a report from All City Appraisal, because we will stand by it no matter what.
One of the most significant requirements in a report is an appraiser-backed opinion of value in a comprehensive explanation as to how the appraiser came to his conclusion.