Property Valuations for Estate Settlement by Phoenix Valuations, LLC
Estate settlement is an important and sometimes stressful job. As an executor you have been entrusted to carry out the wishes of the deceased as promptly and exactly as possible. You can count on us to act quickly and with as much respect to the feelings of everyone in bereavement.
Attorneys and accountants depend on our ethics when calculating real property values for estates, divorces, or other disputes requiring a worth being placed on real property. There are specific needs for everyone; we understand these necessities and are acclimated to dealing with all parties involved. We offer appraisal reports that exceed the requirements of the courts and different agencies.
Contact us today to discuss your individual estate appraisal essentials and how we can put our knowledge to work for you.
Generally, settling an estate requires an clear appraisal report to establish 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. So, there's a chance the date an appraisal report is ordered will deviate the date of death. Our professional staff is familiar with the procedures and requirements needed to produce 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 explained within the Uniform Standards of Professional Appraisal Practice (USPAP) attunes our appraisers to confidentiality, ensuring the fullest degree of privacy for you and your family.
Often, people do not fully understand the requirement to have an exhaustive real estate appraisal supplied in support of the numbers displayed in general documents filed with revenue authorities.
Opinions of value used in documents filed with the the IRS and AZ state agencies absolutely should be supported by an accurate report as to how the appraiser came to his conclusions. Such a report will clearly demonstrate to the IRS that the numbers used are well-founded and correct.
An executor will be satisfied by an appraisal report by Phoenix Valuations, LLC which will show him undeniable facts and figures to work with revenue agencies' requirements. You need not worry over anything, because we will be there to back up our appraisals if they are ever challenged.
One of the most necessary requirements in an appraisal is an appraiser-backed opinion of value in a detailed reason as to how the appraiser came to his conclusion.