Property Valuations for Estate Settlement by Smith Appraisal

The job of settling an estate, often a source of stress is very important. 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 compassion to the feelings of everyone left behind.

Part of Smith Appraisal's mission statement is to create top-notch, ethical appraisals that lawyers can depend on. Generally, the parties involved will have different suggestions of how the appraisal process should work; however, our knowledge of the estate process definitely satisfy all parties involved. Among our staff, we are accustomed to dealing with law offices in creating appraisals that transcend their requirements.

Generally, settling an estate necessitates an clear appraisal report to determine 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. So, there's a chance the date an appraisal is needed will differ the date of death. Our staff is accustomed to the procedures and requirements obligatory to produce a retroactive appraisal with an effective date and fair market value estimate matching the date your loved one passed away. The ethics provision explained within the Uniform Standards of Professional Appraisal Practice (USPAP) attunes us to confidentiality, providing the fullest degree of privacy for all parties involved.

Most people don't realize that the IRS needs reports filed to explain the numbers involved in estate sales.

An exhaustive report showing the appraiser's opinion of value is required to back the methods the appraiser used to come to his conclusions. Such a report will definitely demonstrate to the authorities that the numbers used are well-founded and correct.

Smith Appraisal ensures an accurate report, which will provide an executor solid facts and figures that will exceed IRS and state agency requirements. You need not be concerned over anything, because Smith Appraisal will be there to back up our reports if they are ever refuted.

Opinions of value used in documents filed with the revenue authorities absolutely should be supported by a detailed report as to how the appraiser came to his conclusions.