Estate Settlement Appraisals in TX by Elite Appraisal Services
Settling an estate 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 respectfully as possible. You can count on us to act quickly and with as much sensitivity to the feelings of everyone in bereavement.
Attorneys and accountants count on our ethics when calculating real property values for estates, divorces, or other disputes requiring a value being placed on real property. Usually, the parties involved will have different ideas of how the appraisal process should work; however, our knowledge of the estate process definitely satisfy all parties involved. Among our staff, we are used to working with legal agencies in providing appraisals that meet their necessities.
Contact us promptly to discuss your unique estate appraisal requirements and how we can put our knowledge to work for you.
Settling an estate most often depends on an appraisal to determine fair market value for the residential property therein. We understand that in this time of loss, even thinking about an appraisal report is the furthest thought from your mind. Because of this, often there are times that the date of an appraisal report deviates from the date of your loss. Elite Appraisal Services assures that our appraisers are accustomed to the procedures and requirements needed by revenue services to produce 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 requirements stated within the Uniform Standards of Professional Appraisal Practice (USPAP) attunes our staff to confidentiality, ensuring the strongest degree of privacy for you.
The necessity of ordering an appraisal report when dealing with the IRS to prove income when filing documents is often misunderstood by most people.
Opinions of value shown in documents provided to the revenue authorities definitely should be backed by a detailed report as to how the appraiser came to his conclusions. This sort of report will definitely demonstrate your claim that the numbers provided within the report are well-founded and accurate.
Having a professional appraisal from Elite Appraisal Services gives the executor solid facts and figures to work with in exceeding IRS and TX state agency requirements. You need not be concerned over anything, because we will be there to support our reports if they are ever challenged.
One of the most essential requirements in an appraisal report is an appraiser-backed opinion of value in a comprehensive reason as to how the appraiser came to his conclusion.