Property Valuations for Estate Settlement by A. M. Appraisals
Settling an estate is an important and sometimes stressful job. As an executor you have been entrusted to carry out the wishes of the departed as promptly and with as much dignity 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 understanding when calculating real estate values for estates, divorces, or other disputes requiring a cost being placed on real property. There are specific needs for everyone; we realize these necessities and are comfortable to working with all parties involved. Because of our experience in working with the legal system and various agencies, we provide appraisals that definitely transcend all expectations.
Contact us promptly to discuss your explicit estate appraisal needs and how we can put our knowledge to work for you.
Commonly, settling an estate necessitates an irrefutable appraisal report to show fair market value for the home to the satisfaction of the parties involved. We understand that when you lose a loved one, ordering an appraisal report is the furthest thought from your mind. So, we understand that the time an appraisal is requested will not match the date of death. A. M. Appraisals assures that our staff are knowledgeable about the procedures and requirements needed by the IRS and SC revenue agencies to produce a retroactive appraisal with an effective date and fair market value estimate matching the date of death. The ethics provision listed within the Uniform Standards of Professional Appraisal Practice (USPAP) binds our appraisers to confidentiality, ensuring the highest degree of discretion for you.
Many people do not understand that the IRS requires documents filed to explain the numbers involved in estate sales.
An accurate report showing the appraiser's opinion of value is necessary to back the methods the appraiser used to come to his conclusions. Such a report will clearly demonstrate to the authorities that the numbers used are accurate and correct.
Having a professional appraisal report from A. M. Appraisals gives the executor solid facts and figures to work with in meeting IRS and SC state agency requirements. There's no need to be concerned when getting an appraisal from us, because we will back it no matter what.
One of the most necessary requirements in an appraisal report is an appraiser-supported opinion of value in an exhaustive explanation as to how the appraiser came to his conclusion.
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