Property Valuations for Estate Settlement by Herrin Appraisal Company
The responsibility of settling an estate, while stressful is very important. 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 sensitivity to the feelings of everyone in bereavement.
Part of Herrin Appraisal Company's focus is to provide top-notch, ethical appraisals that attorneys can rely on. Generally, the parties involved will have their own requirements of how the appraisal process should work; however, our experience of the estate process will undoubtedly satisfy all parties involved. We write appraisal reports that meet the needs of the courts and various groups.
Contact us promptly to discuss your unique estate appraisal demands and how we can put our knowledge to work for you.
Generally, settling an estate necessitates an accurate appraisal report to acquire fair market value for the property to the satisfaction of the parties involved. It's understandable that ordering an appraisal is the farthest thought from your mind. Due to this, now and then the date of death differs from the date the appraisal is required. Our professional staff is accustomed to the systems and requirements obligatory to perform a retroactive appraisal with an effective date and fair market value estimate matching the date you suffered the loss of your loved one. The ethics provision listed within the Uniform Standards of Professional Appraisal Practice (USPAP) keeps our appraisers to confidentiality, certifying the strongest degree of discretion for you.
Most of the time people do not fully appreciate the demand to have an exhaustive appraisal prepared in support of the numbers being used in general documents filed with the IRS and NC state agencies.
A comprehensive report showing the appraiser's opinion of value is required to support the methods the appraiser used to come to his conclusions. Such a report will clearly demonstrate to the IRS that the numbers used are well-founded and correct.
Having a professional report from Herrin Appraisal Company gives the executor undeniable facts and figures to work with in meeting IRS and NC state agency requirements. It assures peace of mind to everyone concerned because we are there to stand behind the appraisal report if it is ever refuted.
Opinions of value shown in documents filed with the the IRS and NC state agencies absolutely should be supported by an accurate report as to how the appraiser arrived at his conclusions.
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