Estate Settlement Appraisals in TX by Elite Appraisal Services
Estate settlement is an important and sometimes stressful job. As an executor you have been entrusted to carry out the wishes of the deceased as promptly and respectfully as possible. You can count on us to act quickly and with as much sympathy to the feelings of everyone in bereavement.
Attorneys and accountants rely on our understanding when calculating real estate values for estates, divorces, or other disputes requiring a value being placed on real property. We comprehend their needs and are acclimated to dealing with all parties involved. We offer appraisal reports that outdo the necessities of the legal system and other agencies.
Contact us today to discuss your unique estate appraisal essentials and how we can put our knowledge to work for you.
Commonly, settling an estate requires an clear appraisal report to acquire fair market value for the property to the satisfaction of the parties involved. We sympathize that when you lose a loved one, ordering an appraisal is the furthest thought from your mind. Of course, you have to take care of your loved ones first. Elite Appraisal Services assures that our appraisers are accustomed to the procedures and requirements requested by the IRS and TX revenue agencies to perform a retroactive appraisal with an effective date and fair market value estimate matching the exact date your loved one passed away. The ethical obligations listed within the Uniform Standards of Professional Appraisal Practice (USPAP) conforms our staff to confidentiality, providing the strongest degree of discretion for you and your family.
Most people don't realize that the IRS requires information filed to explain the numbers involved in estate sales.
One of the most important requirements in an appraisal report is an appraiser-backed opinion of value in a detailed explanation as to how the appraiser came to his conclusion. Such a report will definitely demonstrate to the authorities that the numbers used are accurate and correct.
Having a professional appraisal report from Elite Appraisal Services gives the executor definite facts and figures to work with in meeting IRS and TX state agency requirements. There's no need to be stressed out when getting a report from Elite Appraisal Services, because we will support it no matter what.
Opinions of value shown in documents provided to the the IRS and TX state agencies definitely should be backed by an exhaustive report as to how the appraiser came to his conclusions.