Property Valuations for Estate Settlement by Ascension Appraisal
Estate settlement is often stressful, but a very important job. As an executor you have been entrusted to carry out the wishes of the departed 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.
Part of Ascension Appraisal's company goal is to offer top-notch, ethical appraisals that lawyers can rely on. Often, the parties involved will have differing expectations of how the appraisal process should work; however, our knowledge of the estate process will, without a doubt, satisfy all parties involved. In relation to our familiarity in working with the legal system and various agencies, we construct appraisals that definitely meet all expectations.
Contact us immediately to discuss your personal estate appraisal specifications and how we can put our experience to work for you.
Settling an estate most often demands an appraisal to suggest fair market value for the residential property in question. It's understandable that ordering an appraisal is the farthest thought from your mind. Because of this, often there can be times that the effective date of an appraisal report deviates from the time of death. Ascension Appraisal assures that we are familiar with the procedures and requirements needed by revenue services to provide a retroactive appraisal with an effective date and fair market value estimate matching the exact date your loved one passed away. The ethical obligations explained within the Uniform Standards of Professional Appraisal Practice (USPAP) attunes our appraisers to confidentiality, guaranteeing the strongest degree of discretion for you and your loved ones.
All too often, people do not fully appreciate the demand to have a complete appraisal produced in support of the numbers being used in tax documents filed with the IRS.
One of the most significant 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. Such a report will definitely demonstrate to the MA agencies that the numbers used are accurate and correct.
Having a professional appraisal from Ascension Appraisal gives the executor solid 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 support our reports if they are ever challenged.
An accurate report showing the appraiser's opinion of value is necessary to back the methods the appraiser used to come to his conclusions.