Appraisals for Estate Settlement by Mike Chaves AppraisalsEstate settlement is an important and sometimes stressful task. As an executor you have been entrusted to carry out the wishes of the deceased as promptly and with as much dignity 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 depend on our conduct when calculating real estate values for estates, divorces, or other disputes requiring a value being placed on real property. Often, the parties involved will have different requirements of how the appraisal process should work; however, our experience of the estate process will, without a doubt, satisfy all parties involved. In relation to our experience in working with the legal system and various agencies, we assemble reports that always transcend all expectations. Contact us as soon as possible to discuss your individual estate appraisal essentials and how we can put our knowledge to work for you. Commonly, settling an estate requires an accurate appraisal report to determine fair market value for the house to the satisfaction of the parties involved. We sympathize that in this time of loss, acquiring an appraisal is the furthest thought from your mind. Because of this, often there are times that the effective date of an appraisal report differs from the date of your loss. Our staff is comfortable with the practices and requirements needed to perform a retroactive appraisal with an effective date and fair market value estimate matching the date you suffered the loss of your loved one. The ethical obligations listed within the Uniform Standards of Professional Appraisal Practice (USPAP) binds our staff to confidentiality, guaranteeing the fullest degree of discretion for all parties involved. The importance of having an appraisal when dealing with the IRS to explain income when filing documents is often misunderstood by most people. An exhaustive report showing the appraiser's opinion of value is required to support the methods the appraiser used to come to his conclusions. This sort of report will clearly substantiate the evidence that the numbers displayed within the report are well-founded and accurate. An executor will be ecstatic by an appraisal report by Mike Chaves Appraisals which will provide him undeniable facts and figures to deal with the IRS and CA state agencies' requirements. You need not stress over anything, because we will be there to back up our reports if they are ever challenged. One of the most necessary requirements in a report is an appraiser-backed opinion of value in a comprehensive explanation as to how the appraiser came to his conclusion. |