Appraisals for Estate Settlement by J.S. Appraisals, Inc.
The job of settling an estate, while stressful is very important. 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 sensitivity to the feelings of everyone left behind.
Attorneys and accountants rely on our conduct when calculating real property values for estates, divorces, or other disputes requiring a value being placed on real property. We understand their needs and are familiar with helping with all parties involved. Due to our experience in dealing with attorneys and accountants and various agencies, we create appraisal reports that always outdo all expectations.
Contact us promptly to discuss your specific estate appraisal needs and how we can put our business acumen to work for you.
Settling an estate most often demands an appraisal to acquire fair market value for the home therein. It's understandable that ordering getting an appraisal is the farthest thought from your mind. Due to this, there is a chance that the time of death differs from the date the appraisal is required. Our company is accustomed to the procedures and requirements necessary to produce a retroactive appraisal with an effective date and fair market value estimate matching the exact date your loved one passed away. The ethical obligations explained within the Uniform Standards of Professional Appraisal Practice (USPAP) attunes us to confidentiality, providing the highest degree of discretion for you and your loved ones.
People often forget that the IRS needs reports filed to show the numbers involved in estate sales.
One of the most significant requirements in an appraisal is an appraiser-supported opinion of value in an exhaustive reason as to how the appraiser came to his conclusion. Such a report will clearly demonstrate to the authorities that the numbers used are well-founded and correct.
An executor will be over-joyed by a report by J.S. Appraisals, Inc. which will show him undeniable facts and numbers to work with any legal agency's requirements. There's no need to have anything but peace of mind when getting a report from J.S. Appraisals, Inc., because we will support it no matter what.
Opinions of value shown in documents provided to the the IRS and IL state agencies definitely should be backed by an accurate report as to how the appraiser acquired his conclusions.