Property Valuations for Estate Settlement by McGreal & Company
Estate settlement is often stressful, but a very important job. As an executor you have been entrusted to carry out the wishes of the deceased as swiftly and with as much dignity as possible. You can count on us to act quickly and with as much compassion to the feelings of everyone in bereavement.
Lawyers and accountants count on our ideals when calculating real estate values for estates, divorces, or other disputes requiring a worth being placed on real property. There are required needs for everyone; we are sympathetic to these necessities and are familiar to working with all parties involved. We offer appraisal reports that meet the necessities of the legal system and various groups.
Contact us today to discuss your exact estate appraisal specifications and how we can put our business acumen to work for you.
Generally, settling an estate necessitates an accurate appraisal report to show fair market value for the house to the satisfaction of the parties involved. We understand that when you lose a loved one, ordering an appraisal is the furthest thought from your mind. Of course, you have to comfort your family first. Our company is accustomed to the procedures and requirements necessary to provide a retroactive appraisal with an effective date and fair market value estimate matching the exact date of death. The ethics provision listed within the Uniform Standards of Professional Appraisal Practice (USPAP) conforms our staff to confidentiality, guaranteeing the fullest degree of discretion for you and your loved ones.
People often forget that the IRS needs reports filed to explain the numbers involved in estate sales.
A comprehensive report showing the appraiser's opinion of value is important to support the methods the appraiser used to come to his conclusions. A report of this caliber will clearly show your claim that the numbers within within the report are well-founded and accurate.
McGreal & Company guarantees an detailed appraisal report, which will provide an executor definite facts and numbers that will meet IRS and revenue agency requirements. It assures peace of mind to everyone concerned because we are there to stand behind the report if it is ever refuted.
One of the most essential requirements in a report is an appraiser-supported opinion of value in an exhaustive reason as to how the appraiser came to his conclusion.