Race Appraisal Services, LLC understands the special needs of estate executorsSettling an estate is an important and sometimes stressful job. As an executor you have been entrusted to carry out the wishes of the departed as quickly 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 rely on our understanding when calculating real property values for estates, divorces, or other disputes requiring a worth being placed on real property. Usually, the parties involved will have differing suggestions of how the appraisal process should work; however, our understanding of the estate process will undoubtedly satisfy all parties involved. Among our staff, we are used to interacting with legal agencies in composing appraisal reports that exceed their necessities. Contact us as soon as possible to discuss your exact estate appraisal specifications and how we can put our experience to work for you. Settling an estate commonly requires an appraisal to acquire fair market value for the property affected. It's understandable that thinking about an appraisal is the farthest thought from your mind. Because of this, often there will be times that the effective date of an appraisal differs from the date of your loss. Race Appraisal Services, LLC assures that our staff are accustomed to the procedures and requirements needed by the IRS and MA revenue agencies to provide a retroactive appraisal with an effective date and fair market value estimate matching the date your loved one passed away. The ethical requirements explained within the Uniform Standards of Professional Appraisal Practice (USPAP) keeps us to confidentiality, ensuring the fullest degree of discretion for you and your family. The necessity of owning an appraisal when dealing with revenue services to show income when filing documents is often misunderstood by most people. One of the most significant requirements in an appraisal is an appraiser-supported opinion of value in an exhaustive reason as to how the appraiser came to his conclusion. Such a report will definitely demonstrate to the authorities that the numbers used are well-founded and correct. Race Appraisal Services, LLC ensures an substantiated report, which will provide an executor accurate facts and numbers that will meet IRS and revenue 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 refuted. Opinions of value displayed in documents filed with the revenue authorities absolutely should be supported by an accurate report as to how the appraiser acquired his conclusions. |
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