Estate Settlement Appraisals in VA by Martin & Associates
The responsibility 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 respectfully as possible. You can count on us to act quickly and with as much respect 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. There are required needs for everyone; we understand these requirements and are acclimated to dealing with all parties involved. Among our staff, we are used to dealing with law offices in composing appraisals that meet their requirements.
Contact us today to discuss your precise estate appraisal demands and how we can put our experience to work for you.
Commonly, settling an estate requires an detailed appraisal report to establish fair market value for the property to the satisfaction of the parties involved. It's understandable that thinking about an appraisal is the farthest thought from your mind. Because of this, often there will be times that the effective date of an appraisal report deviates from the time of death. Our company is familiar with the procedures and requirements needed to perform 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 explained within the Uniform Standards of Professional Appraisal Practice (USPAP) binds us to confidentiality, assuring the fullest degree of discretion for you.
The importance of having an appraisal report when dealing with the IRS to explain income when filing documents is often not considered by most people.
Opinions of value displayed in documents filed with the the IRS and VA state agencies definitely should be backed by an accurate report as to how the appraiser arrived at his conclusions. Such a report will definitely demonstrate to the IRS that the numbers used are accurate and substantiated.
Martin & Associates ensures an accurate report, which will give an executor accurate facts and figures that will exceed IRS and revenue agency requirements. There's no need to worry when getting a report from Martin & Associates, because we will stand by it no matter what.
An exhaustive report showing the appraiser's opinion of value is required to back the methods the appraiser used to come to his conclusions.