Property Valuations for Estate Settlement by Glynn Michael Appraisals LLC
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 swiftly and with as much dignity as possible. You can count on us to act quickly and with as much respect to the feelings of everyone involved.
Lawyers and accountants count on our ideals when calculating real property values for estates, divorces, or other disputes requiring a cost being placed on real property. Usually, everyone involved will have their own suggestions of how the appraisal process should work; however, our knowledge of the estate process will undoubtedly satisfy all parties involved. We produce appraisal reports that meet the obligations of the legal system and other groups.
Contact us today to discuss your specialized estate appraisal essentials and how we can put our knowledge to work for you.
Commonly, settling an estate requires an extensive appraisal report to determine fair market value for the house to the satisfaction of the parties involved. We empathize that when you lose a loved one, even thinking about an appraisal report is the furthest thought from your mind. Due to this, often the date of death differs from the time the appraisal is required. Glynn Michael Appraisals LLC assures that our staff are comfortable with the procedures and requirements needed by revenue services to provide a retroactive appraisal with an effective date and fair market value estimate matching the exact date of death. The ethics provision stated within the Uniform Standards of Professional Appraisal Practice (USPAP) conforms our company to confidentiality, assuring the strongest degree of privacy for all parties involved.
People often forget that the IRS needs reports filed to express the numbers involved in estate sales.
One of the most necessary requirements in an appraisal is an appraiser-backed opinion of value in a comprehensive explanation as to how the appraiser came to his conclusion. In having a report backed by Glynn Michael Appraisals LLC's expert appraisers, you will have the knowledge that the numbers displayed in the report will certainly demonstrate to the IRS that the numbers used are well founded and substantiated.
Having a professional appraisal report from Glynn Michael Appraisals LLC gives the executor undeniable facts and figures to work with in going beyond IRS and LA state agency requirements. It assures peace of mind to everyone concerned because we assure you that we will stand behind the appraisal report if it is ever challenged.
One of the most important requirements in an appraisal is an appraiser-supported opinion of value in a detailed explanation as to how the appraiser came to his conclusion.