Precision Valuation knows the special needs of estate executorsEstate settlement is an important and sometimes stressful 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 sympathy to the feelings of everyone involved. Lawyers and accountants rely on our understanding when calculating real property values for estates, divorces, or other disputes requiring a worth being placed on real property. Sometimes, the parties involved will have their own ideas of how the appraisal process should work; however, our knowledge of the estate process will undoubtedly satisfy all parties involved. Among our staff, we are accustomed to working with the courts in composing appraisals that meet their requirements. Contact us promptly to discuss your individual estate appraisal requirements and how we can put our knowledge to work for you. Settling an estate commonly demands an appraisal to suggest fair market value for the estate in question. It's understandable that ordering an appraisal is the farthest thought from your mind. So, it's possible the time an appraisal report is ordered will not match the date of death. Our staff is knowledgeable about the procedures and requirements obligatory to provide 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) keeps us to confidentiality, certifying the fullest degree of privacy for you and your loved ones. People often forget that the IRS requires documents filed to explain the numbers involved in estate sales. An accurate report showing the appraiser's opinion of value is necessary to back the methods the appraiser used to come to his conclusions. This sort of report will clearly show the evidence that the numbers displayed within the report are well-founded and accurate. Precision Valuation ensures an accurate report, which will give an executor solid facts and numbers that will exceed IRS and revenue agency requirements. You need not stress over anything, because we will be there to stand by our work if they are ever challenged. One of the most essential requirements in an appraisal is an appraiser-backed opinion of value in a detailed reason as to how the appraiser came to his conclusion. |