Ascension Appraisal knows the special needs of estate executors
The task of settling an estate, while stressful is very important. As an executor you have been entrusted to carry out the wishes of the departed as quickly and respectfully 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 supplying top-notch appraisals that lawyers and accountants have come to depend on. Sometimes, the parties involved will have their own ideas of how the appraisal process should work; however, our knowledge of the estate process will, without a doubt, satisfy all parties involved. We offer appraisal reports that meet the requirements of the courts and various agencies.
Contact us as soon as possible to discuss your specialized estate appraisal specifications and how we can put our knowledge to work for you.
Settling an estate usually requires an appraisal to acquire fair market value for the residential property involved. We empathize that in this time of loss, ordering an appraisal is the furthest thought from your mind. Due to this, there is a chance that the time of death differs from the date the appraisal is required. Our staff is comfortable with the procedures and requirements needed to produce a retroactive appraisal with an effective date and fair market value estimate matching the date you suffered the loss of your loved one. The ethical obligations explained within the Uniform Standards of Professional Appraisal Practice (USPAP) binds our staff to confidentiality, ensuring the highest degree of discretion for all parties involved.
Most people don't realize that the IRS requires documents filed to support the numbers involved in estate sales.
One of the most significant requirements in an appraisal is an appraiser-supported opinion of value in a comprehensive explanation as to how the appraiser came to his conclusion. Such a report will clearly demonstrate to the authorities that the numbers used are well-founded and substantiated.
Having a professional report from Ascension Appraisal gives the executor undeniable facts and figures to work with in exceeding IRS and MA state agency requirements. You need not be concerned over anything, because we will be there to back up our appraisals if they are ever challenged.
An accurate report showing the appraiser's opinion of value is required to back the methods the appraiser used to come to his conclusions.