Property Valuations for Estate Settlement by Central States Appraisal Company
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 promptly and respectfully as possible. You can count on us to act quickly and with as much sensitivity to the feelings of everyone left behind.
We've made it our company's goal in providing excellent appraisals that attorneys and accountants have come to rely on. There are required needs for everyone; we understand these requirements and are acclimated to dealing with all parties involved. We write appraisal reports that outdo the requirements of the courts and assorted groups.
Contact us promptly to discuss your specialized estate appraisal demands and how we can put our experience to work for you.
Settling an estate generally depends on an appraisal to acquire fair market value for the house involved. We know that in this time of loss, even thinking about an appraisal is the furthest thought from your mind. Of course, it's expected that you need to take care of your loved ones first. Central States Appraisal Company assures that our staff are accustomed to the procedures and requirements needed by the IRS and IL revenue agencies to produce a retroactive appraisal with an effective date and fair market value estimate matching the date your loved one passed away. The ethical obligations stated within the Uniform Standards of Professional Appraisal Practice (USPAP) conforms our staff to confidentiality, certifying the strongest degree of discretion for you and your family.
Many times, people do not fully understand the need to have a detailed real estate appraisal prepared in support of the numbers displayed in general documents filed with the IRS and IL state agencies.
One of the most important requirements in an appraisal report is an appraiser-backed opinion of value in an exhaustive reason as to how the appraiser came to his conclusion. Such a report will clearly demonstrate to the IRS that the numbers used are accurate and correct.
An executor will be satisfied by an appraisal report by Central States Appraisal Company which will provide him undeniable facts and figures to cooperate with any legal agency's requirements. You need not be concerned over anything, because Central States Appraisal Company will be there to back up our appraisals if they are ever challenged.
An exhaustive report showing the appraiser's opinion of value is required to support the methods the appraiser used to come to his conclusions.