Allatoona Appraisal knows the special needs of estate executors
The responsibility of settling an estate, often a source of stress is very important. As an executor you have been entrusted to carry out the wishes of the deceased as swiftly and respectfully as possible. You can count on us to act quickly and with as much sensitivity to the feelings of everyone in bereavement.
Lawyers and accountants depend on our understanding when calculating real property values for estates, divorces, or other disputes requiring a cost being placed on real property. Sometimes, everyone involved will have differing suggestions of how the appraisal process should work; however, our understanding of the estate process definitely satisfy all parties involved. In our company, we are accustomed to working with legal agencies in creating appraisals that surpass their requirements.
Contact us immediately to discuss your precise estate appraisal specifications and how we can put our knowledge to work for you.
Settling an estate generally depends on an appraisal to ascertain fair market value for the residential property therein. It's understandable that thinking about an appraisal is the farthest thought from your mind. Because of this, now and then there are times that the effective date of an appraisal differs from the date of your loss. Allatoona Appraisal assures that we are knowledgeable about the procedures and requirements requested by the IRS and GA revenue agencies to produce a retroactive appraisal with an effective date and fair market value estimate matching the date of death. The ethical obligations stated within the Uniform Standards of Professional Appraisal Practice (USPAP) binds our appraisers to confidentiality, providing the fullest degree of privacy for you and your loved ones.
The importance of having a real estate appraisal when dealing with the IRS to show income when filing documents is often overlooked by most people.
An exhaustive 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 IRS that the numbers used are accurate and substantiated.
An executor will be ecstatic by an appraisal report by Allatoona Appraisal which will provide him undeniable facts and numbers to deal with the IRS and GA 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.
One of the most significant requirements in a report is an appraiser-supported opinion of value in an exhaustive reason as to how the appraiser came to his conclusion.