Estate Settlement Appraisals in MO by Netterville Appraisal Service
Estate settlement is an important and sometimes stressful task. As an executor you have been entrusted to carry out the wishes of the deceased as swiftly and exactly as possible. You can count on us to act quickly and with as much understanding to the feelings of everyone involved.
Lawyers and accountants count on our conduct when calculating real property values for estates, divorces, or other disputes requiring a worth being placed on real property. We realize their needs and are accustomed to dealing with all parties involved. We assemble appraisal reports that transcend the obligations of the courts and various agencies.
Contact us immediately to discuss your personal estate appraisal essentials and how we can put our knowledge to work for you.
Settling an estate generally requires an appraisal to determine fair market value for the residential property affected. It's understandable that ordering an appraisal is the farthest thought from your mind. Because of this, often there will be times that the effective date of an appraisal report differs from the date of your loss. Netterville Appraisal Service assures that we are comfortable with the procedures and requirements needed by the IRS and MO revenue agencies to perform a retroactive appraisal with an effective date and fair market value estimate matching the date your loved one passed away. The ethical obligations explained within the Uniform Standards of Professional Appraisal Practice (USPAP) binds us to confidentiality, assuring the strongest degree of discretion for all parties involved.
Many people do not understand that the IRS needs reports filed to explain the numbers involved in estate sales.
An accurate report showing the appraiser's opinion of value is required to support the methods the appraiser used to come to his conclusions. Such a report will certainly demonstrate to the authorities that the numbers used are well-founded and substantiated.
An executor will be over-joyed by an appraisal report by Netterville Appraisal Service which will show him solid facts and numbers to deal with the IRS and MO state agencies' requirements. You need not worry over anything, because Netterville Appraisal Service will be there to support our appraisals if they are ever challenged.
Opinions of value displayed in documents provided to the revenue authorities definitely should be backed by an accurate report as to how the appraiser came to his conclusions.