Property Valuations for Estate Settlement by Davis Appraisal Service
The responsibility of settling an estate, often a source of stress is very important. As an executor you have been entrusted to carry out the wishes of the departed as swiftly and exactly as possible. You can count on us to act quickly and with as much understanding to the feelings of everyone involved.
Lawyers and accountants rely on our ethics when calculating real property values for estates, divorces, or other disputes requiring a value being placed on real property. We cater to their needs and are acclimated to helping with all parties involved. Because of our experience in dealing with the courts and different agencies, we assemble appraisals that definitely outdo all expectations.
Contact us as soon as possible to discuss your specialized estate appraisal specifications and how we can put our knowledge to work for you.
Commonly, settling an estate necessitates an irrefutable appraisal report to establish fair market value for the house to the satisfaction of the parties involved. It's understandable that thinking about an appraisal is the farthest thought from your mind. Because of this, now and then there will be times that the effective date of an appraisal differs from the time of death. Davis Appraisal Service assures that we are knowledgeable about the procedures and requirements requested by revenue services to produce a retroactive appraisal with an effective date and fair market value estimate matching the exact date your loved one passed away. The ethical obligations explained within the Uniform Standards of Professional Appraisal Practice (USPAP) binds our company to confidentiality, ensuring the highest degree of privacy for all parties involved.
The necessity of owning an appraisal when dealing with revenue services to show income when filing documents is often misunderstood by most people.
One of the most important requirements in an appraisal report is an appraiser-backed opinion of value in a comprehensive reason as to how the appraiser came to his conclusion. A report of this caliber will definitely show the evidence that the numbers expressed within the report are well-founded and accurate.
Davis Appraisal Service ensures an substantiated appraisal, which will give an executor clear facts and figures that will meet IRS and revenue agency requirements. It assures peace of mind to everyone concerned because we assure you that we will stand behind the appraisal report if it is ever challenged.
Opinions of value displayed in documents provided to the the IRS and TN state agencies absolutely should be backed by a comprehensive report as to how the appraiser came to his conclusions.