Property Valuations for Estate Settlement by Crest Appraisal Services
Estate settlement is an important and sometimes stressful task. As an executor you have been entrusted to carry out the wishes of the deceased as swiftly and exactly as possible. You can count on us to act quickly and with as much empathy to the feelings of everyone involved.
Attorneys and accountants count on our ethics when calculating real property values for estates, divorces, or other disputes requiring a value being placed on real property. There are specific needs for everyone; we cater to these necessities and are comfortable to working with all parties involved. We write appraisal reports that out-strip the requirements of the courts and other agencies.
Contact us as soon as possible to discuss your specific estate appraisal demands and how we can put our experience to work for you.
Usually, settling an estate requires an accurate appraisal report to establish fair market value for the house to the satisfaction of the parties involved. We empathize that when you lose a loved one, ordering an appraisal is the furthest thought from your mind. Of course, it's expected that you need to take care of your loved ones first. We are accustomed to the systems and requirements necessary to produce a retroactive appraisal with an effective date and fair market value estimate matching the date your loved one passed away. The ethics provision explained within the Uniform Standards of Professional Appraisal Practice (USPAP) conforms our staff to confidentiality, certifying the highest degree of discretion for you and your loved ones.
Most people don't realize that the IRS needs reports 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 an exhaustive reason as to how the appraiser came to his conclusion. In having a report supported by Crest Appraisal Services's expert staff, you will have the understanding that the numbers provided in the report will clearly demonstrate to the WA agencies that the numbers used are well founded and correct.
Crest Appraisal Services will provide an accurate appraisal report, which will give an executor accurate facts and figures that will exceed IRS and revenue agency requirements. It assures peace of mind to everyone concerned because we are there to stand behind the report if it is ever refuted.
Opinions of value used in documents provided to the the IRS and WA state agencies absolutely should be backed by an accurate report as to how the appraiser came to his conclusions.