Property Valuations for Estate Settlement by Andrews Appraisals, Inc.

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 departed as swiftly and exactly as possible. You can count on us to act quickly and with as much sensitivity to the feelings of everyone in bereavement.

Lawyers and accountants count on our ideals when calculating real estate values for estates, divorces, or other disputes requiring a cost being placed on real property. Often, the parties involved will have differing requirements of how the appraisal process should work; however, our understanding of the estate process will undoubtedly satisfy all parties involved. We furnish appraisal reports that outdo the obligations of the courts and assorted groups.

Usually, settling an estate requires an detailed appraisal report to determine fair market value for the home to the satisfaction of the parties involved. We know that in this time of loss, acquiring an appraisal report is the furthest thought from your mind. Because of this, often there will be times that the effective date of an appraisal differs from the date of your loss. Andrews Appraisals, Inc. assures that our staff are comfortable with the procedures and requirements needed by revenue services to perform a retroactive appraisal with an effective date and fair market value estimate matching the date your loved one passed away. The ethics provision stated within the Uniform Standards of Professional Appraisal Practice (USPAP) conforms us to confidentiality, ensuring the strongest degree of privacy for all parties involved.

People often forget that the IRS needs information filed to explain the numbers involved in estate sales.

A comprehensive report showing the appraiser's opinion of value is important to back the methods the appraiser used to come to his conclusions. Such a report will definitely demonstrate to the IRS that the numbers used are well-founded and substantiated.

Andrews Appraisals, Inc. will provide an well-founded appraisal, which will give an executor solid facts and figures that will exceed IRS and state agency requirements. You need not stress over anything, because we will be there to back up our appraisals if they are ever challenged.

One of the most necessary requirements in a report is an appraiser-backed opinion of value in a detailed reason as to how the appraiser came to his conclusion.