Appraisals for Estate Settlement by Phoenix Valuations, LLC
The job 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 deceased as quickly and with as much dignity as possible. You can count on us to act quickly and with as much respect to the feelings of everyone left behind.
Attorneys and accountants rely on our understanding when calculating real estate values for estates, divorces, or other disputes requiring a value being placed on real property. We realize their needs and are familiar with dealing with all parties involved. We produce appraisal reports that outdo the obligations of the legal system and other agencies.
Contact us as soon as possible to discuss your exact estate appraisal demands and how we can put our experience to work for you.
Commonly, settling an estate necessitates an detailed appraisal report to suggest fair market value for the house to the satisfaction of the parties involved. We know that in this time of loss, even thinking about an appraisal report is the furthest thought from your mind. Due to this, sometimes the date of death differs from the date the appraisal is requested. Our staff is comfortable with the procedures and requirements needed to supply a retroactive appraisal with an effective date and fair market value estimate matching the date of death. The ethics provision stated within the Uniform Standards of Professional Appraisal Practice (USPAP) keeps our company to confidentiality, certifying the fullest degree of privacy for you and your family.
Many people do not understand that the IRS requires reports filed to show the numbers involved in estate sales.
An exhaustive report showing the appraiser's opinion of value is required to support the methods the appraiser used to come to his conclusions. Such a report will clearly demonstrate to the AZ agencies that the numbers used are accurate and correct.
An executor will be over-joyed by an appraisal report by Phoenix Valuations, LLC which will provide him irrefutable facts and figures to work with the IRS and AZ state agencies' requirements. You need not worry over anything, because Phoenix Valuations, LLC will be there to support our reports if they are ever challenged.
Opinions of value used in documents filed with the revenue authorities definitely should be supported by an accurate report as to how the appraiser acquired his conclusions.