Estate Settlement Appraisals in VA by The Appraisal Shoppe, Inc.
Estate settlement is often stressful, but a very important job. As an executor you have been entrusted to carry out the wishes of the deceased as quickly and with as much dignity as possible. You can count on us to act quickly and with as much respect to the feelings of everyone left behind.
Lawyers and accountants rely on our understanding when calculating real property values for estates, divorces, or other disputes requiring a value being placed on real property. Generally, all parties will have their own expectations of how the appraisal process should work; however, our knowledge of the estate process will undoubtedly satisfy all parties involved. In our company, we are accustomed to interacting with legal agencies in providing reports that exceed their needs.
Contact us promptly to discuss your personal estate appraisal needs and how we can put our experience to work for you.
Settling an estate most often demands an appraisal to suggest fair market value for the residential property therein. We sympathize that in this time of loss, ordering an appraisal report is the furthest thought from your mind. So, we understand that the date an appraisal report is needed will be different from the date of death. The Appraisal Shoppe, Inc. assures that our staff are knowledgeable about the procedures and requirements needed by revenue services to provide 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 stated within the Uniform Standards of Professional Appraisal Practice (USPAP) attunes our company to confidentiality, ensuring the highest degree of discretion for you.
Many people do not understand that the IRS needs information filed to express the numbers involved in estate sales.
An accurate report showing the appraiser's opinion of value is necessary to support the methods the appraiser used to come to his conclusions. Such a report will definitely demonstrate to the VA agencies that the numbers used are accurate and substantiated.
Having a professional appraisal report from The Appraisal Shoppe, Inc. gives the executor irrefutable facts and figures to work with in going beyond IRS and VA state agency requirements. There's no need to worry when getting an appraisal from us, because we will stand by it no matter what.
Opinions of value shown in documents provided to the revenue authorities absolutely should be backed by a comprehensive report as to how the appraiser came to his conclusions.