![]() Appraisals for Estate Settlement by Bruce Ladd AppraisalsThe task 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 promptly and respectfully as possible. You can count on us to act quickly and with as much sensitivity to the feelings of everyone involved. Attorneys and accountants rely on our conduct when calculating real property values for estates, divorces, or other disputes requiring a worth being placed on real property. There are specific needs for everyone; we realize these requirements and are used to to dealing with all parties involved. We write appraisal reports that transcend the obligations of the courts and different groups. Contact us immediately to discuss your specialized estate appraisal specifications and how we can put our knowledge to work for you. Commonly, settling an estate requires an accurate appraisal report to determine fair market value for the property to the satisfaction of the parties involved. We sympathize that in this time of loss, ordering an appraisal report is the furthest thought from your mind. Due to this, now and then the date of death differs from the time the appraisal is requested. We are accustomed to the systems and requirements obligatory to perform a retroactive appraisal with an effective date and fair market value estimate matching the date of death. The ethical obligations explained within the Uniform Standards of Professional Appraisal Practice (USPAP) conforms our staff to confidentiality, assuring the fullest degree of discretion for all parties involved. Many people do not understand that the IRS needs documents filed to support the numbers involved in estate sales. One of the most important requirements in an appraisal report 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 IRS that the numbers used are well-founded and substantiated. Bruce Ladd Appraisals ensures an substantiated appraisal, which will give an executor definite facts and figures that will meet IRS and revenue agency requirements. There's no need to worry when getting a report from us, because we will back it no matter what. An exhaustive report showing the appraiser's opinion of value is important to back the methods the appraiser used to come to his conclusions. |