Phoenix Valuations, LLC understands the special needs of estate executors
The job 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 swiftly and with as much dignity as possible. You can count on us to act quickly and with as much compassion to the feelings of everyone left behind.
Attorneys and accountants count on our conduct when calculating real estate values for estates, divorces, or other disputes requiring a value being placed on real property. There are required needs for everyone; we cater to these needs and are used to to working with all parties involved. We create appraisal reports that out-strip the necessities of the courts and different agencies.
Contact us promptly to discuss your exact estate appraisal essentials and how we can put our business acumen to work for you.
Commonly, settling an estate necessitates an clear appraisal report to acquire fair market value for the property to the satisfaction of the parties involved. It's understandable that ordering getting an appraisal is the farthest thought from your mind. Of course, it's imperative to be there for your family first. Our staff is accustomed to the systems and requirements obligatory to supply a retroactive appraisal with an effective date and fair market value estimate matching the exact date your loved one passed away. The ethical obligations explained within the Uniform Standards of Professional Appraisal Practice (USPAP) conforms our company to confidentiality, ensuring the strongest degree of privacy for all parties involved.
People often forget that the IRS requires reports filed to express the numbers involved in estate sales.
One of the most essential requirements in an appraisal report is an appraiser-supported opinion of value in a comprehensive reason as to how the appraiser came to his conclusion. Such a report will certainly demonstrate to the IRS that the numbers used are well-founded and correct.
An executor will be satisfied by an appraisal by Phoenix Valuations, LLC which will give him undeniable facts and numbers to deal with the IRS and AZ state agencies' requirements. You need not stress over anything, because we will be there to back up our reports if they are ever refuted.
Opinions of value used in documents filed with the the IRS and AZ state agencies definitely should be supported by a comprehensive report as to how the appraiser came to his conclusions.