Property Valuations for Estate Settlement by Toni G. Palmer Appraisal CompanySettling an estate is an important and sometimes stressful task. As an executor you have been entrusted to carry out the wishes of the deceased as promptly and respectfully as possible. You can count on us to act quickly and with as much sympathy to the feelings of everyone left behind. Lawyers and accountants depend on our understanding when calculating real estate values for estates, divorces, or other disputes requiring a value being placed on real property. Often, everyone involved will have differing requirements of how the appraisal process should work; however, our understanding of the estate process definitely satisfy all parties involved. Among our staff, we are used to working with law offices in creating appraisal reports that out-strip their needs. Contact us immediately to discuss your exact estate appraisal requirements and how we can put our knowledge to work for you. Settling an estate most often demands an appraisal to show fair market value for the estate therein. We sympathize that in this time of loss, acquiring an appraisal report is the furthest thought from your mind. Because of this, often there can be times that the date of an appraisal report deviates from the date of your loss. Our company is familiar with the practices and requirements obligatory to produce a retroactive appraisal with an effective date and fair market value estimate matching the exact date you suffered the loss of your loved one. The ethics provision explained within the Uniform Standards of Professional Appraisal Practice (USPAP) attunes our appraisers to confidentiality, guaranteeing the fullest degree of discretion for you and your loved ones. The necessity of having an appraisal when dealing with the IRS to prove income when filing documents is often overlooked by most people. An exhaustive report showing the appraiser's opinion of value is required to back the methods the appraiser used to come to his conclusions. This sort of report will clearly show your claim that the numbers expressed within the report are well-founded and accurate. Having a professional appraisal report from Toni G. Palmer Appraisal Company gives the executor definite facts and figures to work with in meeting IRS and CA state agency requirements. It assures peace of mind to everyone concerned because we assure you that we will stand behind the appraisal if it is ever challenged. Opinions of value used in documents filed with the the IRS and CA state agencies definitely should be backed by a detailed report as to how the appraiser arrived at his conclusions. |