Property Valuations for Estate Settlement by Carter-Hazel & Associates
Estate settlement is an important and sometimes stressful job. As an executor you have been entrusted to carry out the wishes of the departed as quickly and with as much dignity as possible. You can count on us to act quickly and with as much empathy to the feelings of everyone in bereavement.
Attorneys and accountants rely on our ideals when calculating real property values for estates, divorces, or other disputes requiring a cost being placed on real property. Generally, all parties will have their own expectations of how the appraisal process should work; however, our understanding of the estate process will, without a doubt, satisfy all parties involved. Among our staff, we are used to dealing with legal agencies in writing appraisal reports that meet their needs.
Contact us as soon as possible to discuss your exact estate appraisal requirements and how we can put our business acumen to work for you.
Generally, settling an estate necessitates an accurate appraisal report to show fair market value for the house to the satisfaction of the parties involved. We understand that in this time of loss, ordering an appraisal report is the furthest thought from your mind. Due to this, it is possible that the time of death differs from the time the appraisal is required. Carter-Hazel & Associates assures that our staff are accustomed to the procedures and requirements needed by revenue services to produce 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) conforms our company to confidentiality, certifying the strongest degree of discretion for you.
The necessity of needing an appraisal report when dealing with revenue services to show income when filing documents is often misunderstood by most people.
An accurate report showing the appraiser's opinion of value is necessary to back the methods the appraiser used to come to his conclusions. In having a report supported by Carter-Hazel & Associates's expert appraisers, you will have the understanding that the numbers displayed in the report will certainly demonstrate to the IRS that the numbers used are well founded and correct.
Carter-Hazel & Associates will provide an substantiated report, which will give an executor definite facts and numbers that will exceed IRS and state agency requirements. It assures peace of mind to everyone concerned because we assure you that we will stand behind the appraisal if it is ever challenged.
One of the most essential requirements in an appraisal is an appraiser-backed opinion of value in an exhaustive explanation as to how the appraiser came to his conclusion.