Property Valuations for Estate Settlement by Appraisal Group West Michigan
Settling an estate is an important and sometimes stressful job. As an executor you have been entrusted to carry out the wishes of the departed as swiftly 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 involved.
We've shown that we're experts in supplying top-notch appraisals that attorneys and accountants have come to depend on. Usually, the parties involved will have different ideas of how the appraisal process should work; however, our experience of the estate process will undoubtedly satisfy all parties involved. In our company, we are used to working with law offices in composing appraisal reports that transcend their needs.
Contact us as soon as possible to discuss your personal estate appraisal needs and how we can put our experience to work for you.
Settling an estate commonly requires an appraisal to ascertain fair market value for the house affected. We know that when you lose a loved one, acquiring an appraisal report is the furthest thought from your mind. So, there's a chance the date an appraisal report is needed will be different from the date of death. Our company is comfortable with the systems and requirements obligatory to supply a retroactive appraisal with an effective date and fair market value estimate matching the date you suffered the loss of your loved one. The ethical obligations listed within the Uniform Standards of Professional Appraisal Practice (USPAP) attunes us to confidentiality, assuring the fullest degree of discretion for you.
Often, people do not fully acknowledge the requirement to have an intricate appraisal report prepared in support of the numbers shown in general documents filed with revenue authorities.
Opinions of value displayed in documents filed with the the IRS and MI state agencies absolutely should be supported by an accurate report as to how the appraiser arrived at his conclusions. Such a report will clearly demonstrate to the MI agencies that the numbers used are well-founded and substantiated.
Having a professional report from Appraisal Group West Michigan gives the executor undeniable facts and figures to work with in meeting IRS and MI state agency requirements. You need not be concerned over anything, because Appraisal Group West Michigan will be there to back up our work if they are ever challenged.
One of the most essential 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.