Appraisals for Estate Settlement by Integrated Assets
Estate settlement is often stressful, but a very important job. As an executor you have been entrusted to carry out the wishes of the departed as promptly and with as much dignity as possible. You can count on us to act quickly and with as much respect to the feelings of everyone involved.
Lawyers and accountants depend on our ideals when calculating real property values for estates, divorces, or other disputes requiring a value being placed on real property. Often, everyone involved will have different expectations of how the appraisal process should work; however, our experience of the estate process will undoubtedly satisfy all parties involved. In our company, we are accustomed to dealing with legal agencies in supplying reports that out-strip their needs.
Contact us promptly to discuss your precise estate appraisal essentials and how we can put our business acumen to work for you.
Usually, settling an estate requires an extensive appraisal report to acquire fair market value for the house to the satisfaction of the parties involved. We sympathize that when you lose a loved one, even thinking about an appraisal report is the furthest thought from your mind. So, we understand that the date an appraisal report is requested will not match the date of death. Integrated Assets assures that our appraisers are accustomed to the procedures and requirements requested by the IRS and TN revenue agencies to perform a retroactive appraisal with an effective date and fair market value estimate matching the exact date of death. The ethical obligations listed within the Uniform Standards of Professional Appraisal Practice (USPAP) conforms our appraisers to confidentiality, providing the strongest degree of privacy for all parties involved.
People often forget that the IRS requires information filed to explain the numbers involved in estate sales.
An exhaustive report showing the appraiser's opinion of value is important to support the methods the appraiser used to come to his conclusions. This sort of report will clearly substantiate the evidence that the numbers expressed within the report are well-founded and accurate.
Integrated Assets will provide an substantiated appraisal report, which will provide an executor accurate facts and figures that will meet IRS and revenue agency requirements. You need not stress over anything, because Integrated Assets will be there to back up our work if they are ever challenged.
Opinions of value used in documents filed with the the IRS and TN state agencies definitely should be supported by an accurate report as to how the appraiser came to his conclusions.