Estate Settlement Appraisals in IL 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 deceased as promptly and exactly as possible. You can count on us to act quickly and with as much empathy to the feelings of everyone involved.
Lawyers and accountants count on our ethics when calculating real property values for estates, divorces, or other disputes requiring a cost being placed on real property. Generally, everyone 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. In relation to our familiarity in working with the courts and other agencies, we provide reports that definitely meet all expectations.
Contact us as soon as possible to discuss your precise estate appraisal requirements and how we can put our business acumen to work for you.
Settling an estate most often demands an appraisal to suggest fair market value for the estate involved. We know that when you lose a loved one, even thinking about an appraisal report is the furthest thought from your mind. Due to this, it is possible that the time of death differs from the date the appraisal is requested. Our professional staff is comfortable with the practices and requirements necessary to perform a retroactive appraisal with an effective date and fair market value estimate matching the exact date your loved one passed away. The ethical requirements listed within the Uniform Standards of Professional Appraisal Practice (USPAP) conforms our appraisers to confidentiality, assuring the fullest degree of privacy for all parties involved.
The requirement of ordering a real estate appraisal when cooperating with revenue services to prove income when filing documents is often unknown by most people.
An accurate report showing the appraiser's opinion of value is important to support the methods the appraiser used to come to his conclusions. Such a report will clearly demonstrate to the IRS that the numbers used are accurate and correct.
An executor will be satisfied by a report by J.S. Appraisals, Inc. which will provide him irrefutable facts and figures to deal with revenue agencies' requirements. It assures peace of mind to everyone concerned because we will always be there to stand behind the appraisal if it is ever challenged.
One of the most significant requirements in a report is an appraiser-backed opinion of value in a comprehensive explanation as to how the appraiser came to his conclusion.