Property Valuations for Estate Settlement by Race Appraisal Services, LLC
Estate settlement is often stressful, but a very important job. As an executor you have been entrusted to carry out the wishes of the deceased as quickly and exactly as possible. You can count on us to act quickly and with as much sensitivity to the feelings of everyone involved.
Lawyers and accountants depend on our conduct when calculating real property values for estates, divorces, or other disputes requiring a worth being placed on real property. Sometimes, everyone involved will have their own ideas of how the appraisal process should work; however, our experience of the estate process will, without a doubt, satisfy all parties involved. Due to our experience in working with attorneys and accountants and various agencies, we compose reports that always meet all expectations.
Contact us promptly to discuss your individual estate appraisal requirements and how we can put our business acumen to work for you.
Settling an estate most often demands an appraisal to ascertain fair market value for the home in question. We understand that in times like this, ordering an appraisal is the furthest thought from your mind. Because of this, often there are times that the effective date of an appraisal differs from the time of death. Race Appraisal Services, LLC assures that our appraisers are accustomed to the procedures and requirements requested by revenue services to produce 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 our company to confidentiality, providing the fullest degree of privacy for all parties involved.
The requirement of owning an appraisal when cooperating with the IRS to show income when filing documents is often overlooked by most people.
A comprehensive report showing the appraiser's opinion of value is necessary to support the methods the appraiser used to come to his conclusions. A report of this caliber will clearly show your claim that the numbers provided within the report are well-founded and accurate.
Having a professional report from Race Appraisal Services, LLC gives the executor definite facts and figures to work with in meeting IRS and MA state agency requirements. You need not worry over anything, because we will be there to support our work if they are ever refuted.
Opinions of value used in documents provided to the the IRS and MA state agencies absolutely should be supported by a comprehensive report as to how the appraiser came to his conclusions.
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