Estate Settlement Appraisals in LA by Glynn Michael Appraisals LLC
The responsibility 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 departed as promptly 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 involved.
Lawyers and accountants rely on our ideals when calculating real property values for estates, divorces, or other disputes requiring a cost being placed on real property. We are sympathetic to their needs and are used to helping with all parties involved. Among our staff, we are accustomed to dealing with the courts in producing appraisals that exceed their requirements.
Contact us as soon as possible to discuss your exact estate appraisal needs and how we can put our knowledge to work for you.
Generally, settling an estate requires an detailed appraisal report to acquire fair market value for the house to the satisfaction of the parties involved. It's understandable that ordering an appraisal is the farthest thought from your mind. Because of this, now and then there will be times that the date of an appraisal differs from the time of death. Our staff is accustomed to the procedures and requirements needed to provide a retroactive appraisal with an effective date and fair market value estimate matching the date of death. The ethical obligations stated within the Uniform Standards of Professional Appraisal Practice (USPAP) attunes our appraisers to confidentiality, providing the highest degree of privacy for you and your loved ones.
Most of the time people do not fully acknowledge the demand to have an intricate real estate appraisal produced in support of the numbers displayed in tax documents filed with the IRS.
Opinions of value used in documents filed with the the IRS and LA state agencies definitely should be supported by an accurate report as to how the appraiser came to his conclusions. In having a report supported by Glynn Michael Appraisals LLC's professional appraisers, you will have the knowledge that the numbers shown in the report will definitely demonstrate to the authorities that the numbers used are well founded and correct.
Glynn Michael Appraisals LLC will provide an substantiated report, which will give an executor definite facts and numbers that will exceed IRS and revenue agency requirements. It assures peace of mind to everyone concerned because we will always be there to stand behind the report if it is ever challenged.
One of the most important requirements in an appraisal report is an appraiser-backed opinion of value in a comprehensive explanation as to how the appraiser came to his conclusion.