Property Valuations for Estate Settlement by Young Real Estate Appraisals
The task of settling an estate, while stressful is very important. As an executor you have been entrusted to carry out the wishes of the departed as promptly and exactly as possible. You can count on us to act quickly and with as much sympathy to the feelings of everyone left behind.
Part of Young Real Estate Appraisals's mission statement is to provide top-notch, ethical appraisals that attorneys can rely on. There are specific needs for everyone; we are sympathetic to these requirements and are familiar to dealing with all parties involved. Among our staff, we are used to working with law offices in supplying appraisal reports that surpass their needs.
Contact us as soon as possible to discuss your specialized estate appraisal requirements and how we can put our experience to work for you.
Settling an estate generally requires an appraisal to ascertain fair market value for the estate in question. It's understandable that ordering an appraisal is the farthest thought from your mind. So, there's a chance the date an appraisal report is ordered will not match the date of death. Young Real Estate Appraisals assures that our appraisers are knowledgeable about the procedures and requirements requested by the IRS and CA revenue agencies to supply a retroactive appraisal with an effective date and fair market value estimate matching the date of death. The ethics provision explained within the Uniform Standards of Professional Appraisal Practice (USPAP) keeps our appraisers to confidentiality, assuring the strongest degree of privacy for you and your loved ones.
Often, people do not fully comprehend the requirement to have a full appraisal report produced in support of the numbers being used in tax documents filed with revenue authorities.
One of the most essential requirements in an appraisal is an appraiser-backed opinion of value in an exhaustive reason as to how the appraiser came to his conclusion. Such a report will certainly demonstrate to the CA agencies that the numbers used are accurate and correct.
An executor will be ecstatic by an appraisal report by Young Real Estate Appraisals which will provide him irrefutable facts and numbers to cooperate with any legal agency's requirements. There's no need to have anything but peace of mind when getting a report from us, because we will stand by it no matter what.
Opinions of value shown in documents provided to the the IRS and CA state agencies absolutely should be backed by an accurate report as to how the appraiser came to his conclusions.