Estate Settlement Appraisals in MI by West Michigan Appraisal
The task 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 deceased as promptly and exactly as possible. You can count on us to act quickly and with as much sensitivity to the feelings of everyone in bereavement.
We've shown that we're experts in producing top-notch appraisals that lawyers and accountants have come to rely on. We understand their needs and are accustomed to dealing with all parties involved. Due to our familiarity in dealing with the legal system and various agencies, we produce appraisals that always transcend all expectations.
Contact us promptly to discuss your precise estate appraisal needs and how we can put our business acumen to work for you.
Generally, settling an estate necessitates an detailed appraisal report to ascertain fair market value for the home to the satisfaction of the parties involved. We know that in this time of loss, ordering an appraisal is the furthest thought from your mind. Of course, it's expected that you need to be there for your loved ones first. Our professional staff is familiar with the practices and requirements needed to supply a retroactive appraisal with an effective date and fair market value estimate matching the date of death. The ethical requirements listed within the Uniform Standards of Professional Appraisal Practice (USPAP) keeps our appraisers to confidentiality, assuring the fullest degree of privacy for you and your loved ones.
Many people do not understand that the IRS needs reports filed to explain the numbers involved in estate sales.
One of the most significant requirements in a report is an appraiser-backed opinion of value in a detailed explanation as to how the appraiser came to his conclusion. Such a report will clearly demonstrate to the MI agencies that the numbers used are well-founded and correct.
West Michigan Appraisal will provide an accurate appraisal report, which will provide an executor definite 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 shown in documents provided to the revenue authorities absolutely should be supported by an exhaustive report as to how the appraiser acquired his conclusions.