Property Valuations for Estate Settlement by Race Appraisal Services, LLC
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 departed as quickly and respectfully as possible. You can count on us to act quickly and with as much empathy to the feelings of everyone in bereavement.
We've made a name for ourselves in producing the best appraisals that attorneys and accountants have come to depend on. We cater to their needs and are accustomed to dealing with all parties involved. We assemble appraisal reports that exceed the necessities of the courts and different groups.
Contact us as soon as possible to discuss your explicit estate appraisal demands and how we can put our business acumen to work for you.
Generally, settling an estate requires an extensive appraisal report to acquire fair market value for the house to the satisfaction of the parties involved. It's understandable that ordering an appraisal is the farthest thought from your mind. So, we understand that the time an appraisal is ordered will be different from the date of death. Race Appraisal Services, LLC assures that our staff are familiar with the procedures and requirements requested by revenue services to supply 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 ethical obligations stated within the Uniform Standards of Professional Appraisal Practice (USPAP) attunes our staff to confidentiality, guaranteeing the fullest degree of discretion for you and your family.
People often forget that the IRS requires information filed to support the numbers involved in estate sales.
One of the most significant requirements in a report is an appraiser-backed opinion of value in a comprehensive reason as to how the appraiser came to his conclusion. A report of this caliber will certainly show the evidence that the numbers displayed within the report are well-founded and accurate.
Having a professional report from Race Appraisal Services, LLC gives the executor undeniable facts and figures to work with in meeting IRS and MA state agency requirements. It assures peace of mind to everyone concerned because we assure you that we will stand behind the report if it is ever challenged.
One of the most important requirements in an appraisal report is an appraiser-backed opinion of value in an exhaustive explanation as to how the appraiser came to his conclusion.
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