Property Valuations for Estate Settlement by Cristin Becker Olson Real Estate Appraisal
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 promptly and with as much dignity as possible. You can count on us to act quickly and with as much sympathy to the feelings of everyone in bereavement.
Attorneys and accountants depend on our ideals when calculating real property values for estates, divorces, or other disputes requiring a cost being placed on real property. Sometimes, all parties will have their own expectations of how the appraisal process should work; however, our understanding of the estate process will undoubtedly satisfy all parties involved. Among our staff, we are used to dealing with legal agencies in creating appraisals that out-strip their demands.
Contact us immediately to discuss your unique estate appraisal needs and how we can put our business acumen to work for you.
Usually, settling an estate requires an irrefutable appraisal report to suggest fair market value for the home to the satisfaction of the parties involved. We sympathize that in times like this, ordering an appraisal report is the furthest thought from your mind. Of course, it's expected that you need to comfort your loved ones first. Our staff is familiar with the procedures and requirements necessary to produce a retroactive appraisal with an effective date and fair market value estimate matching the date you suffered the loss of your loved one. The ethics provision stated within the Uniform Standards of Professional Appraisal Practice (USPAP) binds our company to confidentiality, certifying the highest degree of privacy for all parties involved.
The requirement of needing an appraisal when dealing with the IRS to prove income when filing documents is often overlooked by most people.
Opinions of value displayed in documents filed with the revenue authorities absolutely should be supported by a detailed report as to how the appraiser arrived at his conclusions. A report of this caliber will certainly substantiate the evidence that the numbers provided within the report are well-founded and accurate.
Having a professional report from Cristin Becker Olson Real Estate Appraisal gives the executor definite facts and figures to work with in exceeding IRS and CA state agency requirements. There's no need to have anything but peace of mind when getting an appraisal from us, because we will support it no matter what.
One of the most essential requirements in an appraisal is an appraiser-backed opinion of value in an exhaustive explanation as to how the appraiser came to his conclusion.