Estate Settlement Appraisals in MI by West Michigan Appraisal
Estate settlement is often stressful, but a very important job. 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 in bereavement.
Part of West Michigan Appraisal's company goal is to supply top-notch, ethical appraisals that attorneys can depend on. There are required needs for everyone; we realize these necessities and are acclimated to dealing with all parties involved. In relation to our familiarity in dealing with the legal system and various agencies, we construct appraisals that always exceed all expectations.
Contact us as soon as possible to discuss your specialized estate appraisal requirements and how we can put our experience to work for you.
Usually, settling an estate requires an clear appraisal report to determine fair market value for the home to the satisfaction of the parties involved. We sympathize that in this time of loss, ordering an appraisal is the furthest thought from your mind. Of course, you have to take care of your family first. West Michigan Appraisal assures that our staff are accustomed to the procedures and requirements requested by the IRS and MI revenue agencies to produce a retroactive appraisal with an effective date and fair market value estimate matching the exact date you suffered the loss of your loved one. The ethical obligations listed within the Uniform Standards of Professional Appraisal Practice (USPAP) conforms our company to confidentiality, ensuring the fullest degree of privacy for all parties involved.
Most people don't realize that the IRS needs reports filed to explain the numbers involved in estate sales.
An exhaustive report showing the appraiser's opinion of value is required to support the methods the appraiser used to come to his conclusions. Such a report will certainly demonstrate to the authorities that the numbers used are well-founded and substantiated.
West Michigan Appraisal will provide an well-founded report, which will provide an executor accurate facts and figures that will exceed IRS and revenue agency requirements. You need not worry over anything, because we will be there to stand by our work if they are ever challenged.
Opinions of value displayed in documents provided to the revenue authorities definitely should be backed by an accurate report as to how the appraiser arrived at his conclusions.