Appraisals for Estate Settlement by West Michigan Appraisal
Estate settlement is an important and sometimes stressful task. As an executor you have been entrusted to carry out the wishes of the departed as quickly and exactly as possible. You can count on us to act quickly and with as much understanding to the feelings of everyone in bereavement.
Lawyers and accountants count on our ethics when calculating real estate values for estates, divorces, or other disputes requiring a cost being placed on real property. Often, the parties involved will have different requirements of how the appraisal process should work; however, our experience of the estate process will, without a doubt, satisfy all parties involved. We assemble appraisal reports that transcend the necessities of the courts and different agencies.
Contact us immediately to discuss your unique estate appraisal specifications and how we can put our experience to work for you.
Commonly, settling an estate necessitates an clear appraisal report to acquire fair market value for the home to the satisfaction of the parties involved. It's understandable that ordering an appraisal is the farthest thought from your mind. Of course, it's expected that you need to be there for your family first. West Michigan Appraisal 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 you suffered the loss of your loved one. The ethical obligations stated within the Uniform Standards of Professional Appraisal Practice (USPAP) attunes our appraisers to confidentiality, providing the fullest degree of privacy for you and your loved ones.
The necessity of owning an appraisal report when cooperating with government agencies to explain income when filing documents is often not considered by most people.
An exhaustive report showing the appraiser's opinion of value is necessary 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 accurate and correct.
Having a professional appraisal report from West Michigan Appraisal gives the executor solid facts and figures to work with in exceeding IRS and MI state agency requirements. There's no need to be stressed out when getting a report from us, because we will support it no matter what.
Opinions of value shown in documents filed with the the IRS and MI state agencies absolutely should be supported by a comprehensive report as to how the appraiser arrived at his conclusions.