Appraisals for Estate Settlement by Monroe Owen Appraisal, Inc.
Settling an estate is an important and sometimes stressful task. As an executor you have been entrusted to carry out the wishes of the departed 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 conduct when calculating real property values for estates, divorces, or other disputes requiring a worth being placed on real property. Generally, all parties will have their own 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 experience in working with the legal system and different agencies, we assemble appraisal reports that definitely exceed all expectations.
Contact us as soon as possible to discuss your specific estate appraisal specifications and how we can put our experience to work for you.
Settling an estate generally depends on an appraisal to suggest fair market value for the residential property in question. We know that in times like this, even thinking about an appraisal is the furthest thought from your mind. Due to this, now and then the date of death differs from the time the appraisal is required. We are knowledgeable about the practices and requirements needed to perform a retroactive appraisal with an effective date and fair market value estimate matching the exact date you suffered the loss of your loved one. The ethical requirements listed within the Uniform Standards of Professional Appraisal Practice (USPAP) attunes our staff to confidentiality, ensuring the strongest degree of discretion for you and your loved ones.
The requirement of having an appraisal report when working with the IRS to prove income when filing documents is often misunderstood by most people.
One of the most necessary requirements in an appraisal is an appraiser-backed opinion of value in a comprehensive reason as to how the appraiser came to his conclusion. Such a report will definitely demonstrate to the IN agencies that the numbers used are accurate and correct.
An executor will be satisfied by an appraisal report by Monroe Owen Appraisal, Inc. which will provide him irrefutable facts and figures to cooperate with the IRS and IN state agencies' requirements. It assures peace of mind to everyone concerned because we are there to stand behind the report if it is ever challenged.
Opinions of value displayed in documents provided to the revenue authorities definitely should be backed by a comprehensive report as to how the appraiser acquired his conclusions.