Property Valuations for Estate Settlement by Lindsey Appraisal ServicesThe 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 promptly and with as much dignity as possible. You can count on us to act quickly and with as much empathy 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 value being placed on real property. Sometimes, the parties involved will have differing suggestions of how the appraisal process should work; however, our understanding of the estate process definitely satisfy all parties involved. Because of our experience in dealing with attorneys and accountants and various agencies, we construct appraisal reports that always meet all expectations. Contact us immediately to discuss your explicit estate appraisal demands and how we can put our experience to work for you. Settling an estate generally requires an appraisal to establish fair market value for the house in question. We know that in times like this, even thinking about an appraisal 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 time of death. Our staff is accustomed to the practices and requirements necessary to perform a retroactive appraisal with an effective date and fair market value estimate matching the date of death. The ethical obligations explained within the Uniform Standards of Professional Appraisal Practice (USPAP) binds our company to confidentiality, certifying the fullest degree of privacy for all parties involved. People often forget that the IRS requires documents filed to express the numbers involved in estate sales. One of the most important requirements in an appraisal report is an appraiser-supported opinion of value in a detailed explanation as to how the appraiser came to his conclusion. A report of this caliber will certainly show the evidence that the numbers expressed within the report are well-founded and accurate. Having a professional appraisal from Lindsey Appraisal Services gives the executor definite facts and figures to work with in exceeding IRS and TN state agency requirements. It assures peace of mind to everyone concerned because we are there to stand behind the appraisal if it is ever challenged. Opinions of value used in documents provided to the the IRS and TN state agencies definitely should be backed by a comprehensive report as to how the appraiser acquired his conclusions. |