Appraisals for Estate Settlement by Young Real Estate Appraisals
The responsibility of settling an estate, while stressful is very important. As an executor you have been entrusted to carry out the wishes of the deceased as quickly and exactly as possible. You can count on us to act quickly and with as much empathy to the feelings of everyone left behind.
Part of Young Real Estate Appraisals's mission statement is to offer top-notch, ethical appraisals that attorneys can depend on. There are required needs for everyone; we understand these needs and are comfortable to working with all parties involved. In our company, we are used to working with law offices in providing appraisals that exceed their requirements.
Contact us promptly to discuss your exact estate appraisal essentials and how we can put our experience to work for you.
Settling an estate most often depends on an appraisal to ascertain fair market value for the home involved. It's understandable that thinking about getting an appraisal is the farthest thought from your mind. Due to this, it is possible that the time of death differs from the date the appraisal is ordered. Young Real Estate Appraisals assures that we are comfortable with the procedures and requirements needed by the IRS and CA revenue agencies to produce a retroactive appraisal with an effective date and fair market value estimate matching the exact date you suffered the loss of your loved one. The ethical obligations explained within the Uniform Standards of Professional Appraisal Practice (USPAP) attunes our company to confidentiality, assuring the highest degree of discretion for you.
People often forget that the IRS requires reports filed to show the numbers involved in estate sales.
One of the most essential requirements in a report is an appraiser-supported opinion of value in a detailed explanation as to how the appraiser came to his conclusion. A report of this caliber will clearly substantiate the evidence that the numbers expressed within the report are well-founded and accurate.
Having a professional report from Young Real Estate Appraisals gives the executor undeniable facts and figures to work with in exceeding IRS and CA state agency requirements. You need not be concerned over anything, because Young Real Estate Appraisals will be there to back up our work if they are ever challenged.
One of the most significant requirements in an appraisal is an appraiser-backed opinion of value in a detailed reason as to how the appraiser came to his conclusion.