Appraisals for Estate Settlement by Arlington Appraisals, LLC
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 promptly and respectfully as possible. You can count on us to act quickly and with as much empathy to the feelings of everyone left behind.
Lawyers and accountants count on our ethics when calculating real property values for estates, divorces, or other disputes requiring a cost being placed on real property. Sometimes, the parties involved will have their own expectations of how the appraisal process should work; however, our experience of the estate process definitely satisfy all parties involved. In our company, we are used to working with the courts in composing appraisal reports that out-strip their demands.
Contact us promptly to discuss your specific estate appraisal essentials and how we can put our experience to work for you.
Settling an estate commonly depends on an appraisal to determine fair market value for the property affected. It's understandable that thinking about getting an appraisal is the farthest thought from your mind. Because of this, often there are times that the date of an appraisal differs from the date of your loss. Our company is familiar with the systems and requirements necessary to produce 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) attunes us to confidentiality, providing the strongest degree of discretion for you.
The importance of having an appraisal report when working with government agencies to explain income when filing documents is often overlooked by most people.
A comprehensive 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 certainly show the evidence that the numbers within within the report are well-founded and accurate.
Having a professional report from Arlington Appraisals, LLC gives the executor definite facts and figures to work with in exceeding IRS and TN state agency requirements. You need not stress over anything, because Arlington Appraisals, LLC will be there to stand by our reports if they are ever challenged.
Opinions of value shown in documents provided to the the IRS and TN state agencies absolutely should be backed by an exhaustive report as to how the appraiser acquired his conclusions.