Property Valuations for Estate Settlement by Brandon Stelling
The task of settling an estate, often a source of stress is very important. As an executor you have been entrusted to carry out the wishes of the deceased as quickly and respectfully as possible. You can count on us to act quickly and with as much understanding to the feelings of everyone involved.
Lawyers and accountants depend on our ethics when calculating real estate values for estates, divorces, or other disputes requiring a value being placed on real property. Sometimes, the parties involved will have differing expectations of how the appraisal process should work; however, our knowledge of the estate process will undoubtedly satisfy all parties involved. We construct appraisal reports that exceed the necessities of the courts and assorted groups.
Contact us immediately to discuss your personal estate appraisal requirements and how we can put our experience to work for you.
Settling an estate usually depends on an appraisal to show fair market value for the residential property affected. It's understandable that ordering getting an appraisal is the farthest thought from your mind. Due to this, now and then the date of death differs from the date the appraisal is required. Brandon Stelling assures that our staff are comfortable with the procedures and requirements needed by the IRS and SD revenue agencies to supply a retroactive appraisal with an effective date and fair market value estimate matching the exact 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, providing the highest degree of discretion for all parties involved.
Most people don't realize that the IRS requires information filed to show the numbers involved in estate sales.
Opinions of value displayed in documents provided to the the IRS and SD state agencies absolutely should be supported by a detailed report as to how the appraiser acquired his conclusions. Such a report will definitely demonstrate to the SD agencies that the numbers used are well-founded and correct.
Brandon Stelling guarantees an well-founded appraisal report, which will provide an executor solid facts and figures that will meet IRS and state agency requirements. It assures peace of mind to everyone concerned because we are there to stand behind the appraisal report if it is ever refuted.
Opinions of value used in documents filed with the the IRS and SD state agencies absolutely should be backed by an accurate report as to how the appraiser arrived at his conclusions.