Property Valuations for Estate Settlement by Atwood Appraisal ServiceThe job of settling an estate, while stressful is very important. As an executor you have been entrusted to carry out the wishes of the departed as promptly and respectfully as possible. You can count on us to act quickly and with as much respect to the feelings of everyone involved. Attorneys and accountants count on our understanding when calculating real estate values for estates, divorces, or other disputes requiring a value being placed on real property. There are specific needs for everyone; we comprehend these requirements and are comfortable to dealing with all parties involved. We provide appraisal reports that outdo the necessities of the legal system and other groups. Contact us promptly to discuss your individual estate appraisal essentials and how we can put our experience to work for you. Settling an estate usually demands an appraisal to show fair market value for the house involved. It's understandable that ordering getting an appraisal is the farthest thought from your mind. Because of this, now and then there will be times that the effective date of an appraisal report deviates from the time of death. Atwood Appraisal Service assures that our appraisers are familiar with the procedures and requirements requested by the IRS and KY 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 requirements stated within the Uniform Standards of Professional Appraisal Practice (USPAP) keeps our company to confidentiality, certifying the fullest degree of privacy for all parties involved. Many people do not understand that the IRS needs reports filed to explain the numbers involved in estate sales. One of the most essential requirements in a report is an appraiser-backed opinion of value in a detailed explanation as to how the appraiser came to his conclusion. A report of this caliber will certainly show your claim that the numbers expressed within the report are well-founded and accurate. Having a professional appraisal report from Atwood Appraisal Service gives the executor definite facts and figures to work with in meeting IRS and KY state agency requirements. You need not stress over anything, because we will be there to back up our appraisals if they are ever challenged. Opinions of value shown in documents provided to the revenue authorities absolutely should be backed by an accurate report as to how the appraiser came to his conclusions. |