Appraisals for Estate Settlement by Mid-South Appraisal Service
The job 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 swiftly and with as much dignity as possible. You can count on us to act quickly and with as much understanding to the feelings of everyone left behind.
Part of Mid-South Appraisal Service's mission statement is to supply top-notch, ethical appraisals that lawyers can depend on. There are required needs for everyone; we cater to these necessities and are acclimated to working with all parties involved. In our company, we are used to interacting with law offices in composing appraisal reports that out-strip their needs.
Contact us immediately to discuss your explicit estate appraisal requirements and how we can put our knowledge to work for you.
Commonly, settling an estate requires an clear appraisal report to determine fair market value for the property to the satisfaction of the parties involved. It's understandable that ordering getting an appraisal is the farthest thought from your mind. Due to this, sometimes the date of death differs from the date the appraisal is needed. Mid-South Appraisal Service assures that our staff are comfortable with the procedures and requirements requested by revenue services to perform a retroactive appraisal with an effective date and fair market value estimate matching the date of death. The ethical requirements stated within the Uniform Standards of Professional Appraisal Practice (USPAP) attunes our appraisers to confidentiality, guaranteeing the highest degree of privacy for you and your loved ones.
The importance of needing an appraisal report when dealing with the IRS to explain income when filing documents is often misunderstood by most people.
One of the most essential requirements in an appraisal report is an appraiser-backed opinion of value in a detailed reason as to how the appraiser came to his conclusion. This sort of report will certainly demonstrate the evidence that the numbers provided within the report are well-founded and accurate.
Having a professional report from Mid-South Appraisal Service gives the executor undeniable facts and figures to work with in meeting IRS and AL state agency requirements. You need not worry over anything, because Mid-South Appraisal Service will be there to support our appraisals if they are ever challenged.
A comprehensive report showing the appraiser's opinion of value is required to support the methods the appraiser used to come to his conclusions.