Property Valuations for Estate Settlement by Mitchell Real Estate Appraisals
Estate settlement is an important and sometimes stressful task. As an executor you have been entrusted to carry out the wishes of the departed as promptly and exactly as possible. You can count on us to act quickly and with as much understanding to the feelings of everyone left behind.
Attorneys and accountants depend on our understanding when calculating real property values for estates, divorces, or other disputes requiring a worth being placed on real property. There are specific needs for everyone; we realize these requirements and are comfortable to dealing with all parties involved. In relation to our experience in working with the courts and various agencies, we furnish appraisal reports that definitely transcend all expectations.
Contact us as soon as possible to discuss your explicit estate appraisal requirements and how we can put our knowledge to work for you.
Settling an estate usually requires an appraisal to establish fair market value for the estate involved. It's understandable that ordering getting an appraisal is the farthest thought from your mind. Because of this, now and then there are times that the date of an appraisal report deviates from the time of death. Mitchell Real Estate Appraisals assures that our staff are comfortable with the procedures and requirements requested by the IRS and SC revenue agencies to supply a retroactive appraisal with an effective date and fair market value estimate matching the date of death. The ethics provision stated within the Uniform Standards of Professional Appraisal Practice (USPAP) attunes our appraisers to confidentiality, guaranteeing the fullest degree of privacy for you.
Many people do not understand that the IRS needs reports filed to support the numbers involved in estate sales.
One of the most essential requirements in an appraisal report is an appraiser-supported opinion of value in a comprehensive explanation as to how the appraiser came to his conclusion. Such a report will certainly demonstrate to the SC agencies that the numbers used are accurate and correct.
Having a professional report from Mitchell Real Estate Appraisals gives the executor solid facts and figures to work with in going beyond IRS and SC state agency requirements. It assures peace of mind to everyone concerned because we assure you that we will stand behind the appraisal if it is ever challenged.
Opinions of value displayed in documents provided to the the IRS and SC state agencies absolutely should be supported by a comprehensive report as to how the appraiser came to his conclusions.