Estate Settlement Appraisals in CA by All City Appraisal
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 respectfully as possible. You can count on us to act quickly and with as much understanding to the feelings of everyone left behind.
Part of All City Appraisal's focus is to supply top-notch, ethical appraisals that attorneys can rely on. We understand their needs and are acclimated to working with all parties involved. In relation to our experience in working with the legal system and other agencies, we write appraisals that always transcend all expectations.
Contact us as soon as possible to discuss your specific estate appraisal specifications and how we can put our experience to work for you.
Settling an estate most often depends on an appraisal to show fair market value for the property therein. It's understandable that thinking about an appraisal is the farthest thought from your mind. Because of this, often there can be times that the effective date of an appraisal report differs from the date of your loss. All City Appraisal assures that our staff are accustomed to the procedures and requirements requested 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 of death. The ethical obligations stated within the Uniform Standards of Professional Appraisal Practice (USPAP) keeps our staff to confidentiality, ensuring the fullest degree of privacy for you.
Many people do not understand that the IRS requires reports filed to explain the numbers involved in estate sales.
One of the most essential requirements in a report is an appraiser-backed opinion of value in a detailed explanation as to how the appraiser came to his conclusion. A report of this caliber will clearly demonstrate the evidence that the numbers expressed within the report are well-founded and accurate.
Having a professional appraisal report from All City Appraisal gives the executor definite facts and figures to work with in meeting IRS and CA state agency requirements. It assures peace of mind to everyone concerned because we are there to stand behind the appraisal report if it is ever challenged.
Opinions of value displayed in documents provided to the the IRS and CA state agencies definitely should be supported by an exhaustive report as to how the appraiser acquired his conclusions.