Property Valuations for Estate Settlement by Precision Appraisal & ReviewEstate settlement is an important and sometimes stressful job. As an executor, you have been entrusted to carry out the wishes of a loved one as quickly and attentively as possible. You can count on Precision Appraisal & Review to act expeditiously and with as much understanding to the feelings of everyone left behind.
We've made it our company's goal in producing top-notch appraisals that attorneys and accountants have come to depend on. We are sympathetic to their needs and are acclimated to working with all parties involved. Due to our experience in working with the courts and other agencies, we supply appraisal reports that definitely exceed all expectations.
Generally, settling an estate necessitates a detailed appraisal report to determine market value for the property to the satisfaction of the parties involved. We sympathize that in this time of loss, acquiring an appraisal report is the furthest thought from your mind. Of course, you need to comfort your loved ones first. We are comfortable with the practices and requirements needed to provide a retrospective appraisal with an effective date and market value estimate matching the date your loved one passed away. The ethical obligations stated within the Uniform Standards of Professional Appraisal Practice (USPAP) binds our staff to confidentiality, providing the highest degree of discretion for all parties involved.
The requirement of ordering an appraisal when cooperating with the IRS to prove income when filing documents is often overlooked by most people.
Opinions of value shown in documents filed with the IRS and Michigan agencies absolutely should be backed by an exhaustive report as to how the appraiser acquired his conclusions. Such a report will certainly demonstrate to the IRS that the numbers used are accurate and correct.
Having a professional appraisal from Precision Appraisal & Review gives the executor solid facts and figures to work with in going beyond IRS and Michigan state agency requirements. You need not stress over anything, because Precision Appraisal & Review will be there to stand by our appraisals if they are ever challenged.