Appraisals for Estate Settlement by Monroe Owen Appraisal, Inc.
Settling an estate is often stressful, but a very important job. As an executor you have been entrusted to carry out the wishes of the deceased as swiftly and with as much dignity as possible. You can count on us to act quickly and with as much understanding to the feelings of everyone in bereavement.
We've shown that we're experts in producing excellent appraisals that attorneys and accountants have come to rely on. Often, everyone involved will have their own expectations of how the appraisal process should work; however, our knowledge of the estate process will undoubtedly satisfy all parties involved. In our company, we are accustomed to dealing with the courts in creating reports that surpass their requirements.
Contact us immediately to discuss your precise estate appraisal requirements and how we can put our business acumen to work for you.
Usually, settling an estate necessitates an extensive appraisal report to ascertain fair market value for the home to the satisfaction of the parties involved. We know that in this time of loss, acquiring an appraisal is the furthest thought from your mind. Because of this, now and then there can be times that the effective date of an appraisal differs from the time of death. Monroe Owen Appraisal, Inc. assures that we are comfortable with the procedures and requirements needed by revenue services to perform a retroactive appraisal with an effective date and fair market value estimate matching the exact date of death. The ethical obligations explained within the Uniform Standards of Professional Appraisal Practice (USPAP) conforms our staff to confidentiality, guaranteeing the strongest degree of privacy for you and your loved ones.
The requirement of ordering a real estate appraisal when working with the IRS to prove income when filing documents is often not considered by most people.
Opinions of value used in documents filed with the revenue authorities absolutely should be supported by an accurate report as to how the appraiser acquired his conclusions. Such a report will certainly demonstrate to the authorities that the numbers used are accurate and substantiated.
Having a professional appraisal report from Monroe Owen Appraisal, Inc. gives the executor solid facts and figures to work with in meeting IRS and IN state agency requirements. It assures peace of mind to everyone concerned because we will always be there to stand behind the appraisal if it is ever refuted.
One of the most important requirements in an appraisal is an appraiser-backed opinion of value in a detailed reason as to how the appraiser came to his conclusion.