Property Valuations for Estate Settlement by Bayou State Appraisals, LLC
Settling an estate is often stressful, but a very important job. As an executor you have been entrusted to carry out the wishes of the departed as promptly and with as much dignity as possible. You can count on us to act quickly and with as much understanding to the feelings of everyone involved.
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. Often, all parties will have differing requirements of how the appraisal process should work; however, our understanding of the estate process will undoubtedly satisfy all parties involved. In relation to our experience in working with attorneys and accountants and other agencies, we write appraisals that definitely exceed all expectations.
Contact us today to discuss your individual estate appraisal requirements and how we can put our experience to work for you.
Generally, settling an estate necessitates an extensive appraisal report to show fair market value for the home to the satisfaction of the parties involved. We know that in times like this, even thinking about an appraisal report is the furthest thought from your mind. Due to this, sometimes the time of death differs from the time the appraisal is requested. Bayou State Appraisals, LLC assures that our appraisers 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 your loved one passed away. The ethical requirements explained within the Uniform Standards of Professional Appraisal Practice (USPAP) binds our company to confidentiality, ensuring the fullest degree of discretion for all parties involved.
Many people do not understand that the IRS requires information filed to express the numbers involved in estate sales.
Opinions of value used in documents filed with the revenue authorities definitely should be supported by a comprehensive report as to how the appraiser came to his conclusions. This sort of report will definitely demonstrate the evidence that the numbers within within the report are well-founded and accurate.
Bayou State Appraisals, LLC will provide an well-founded appraisal, which will provide an executor solid facts and figures that will meet IRS and revenue agency requirements. It assures peace of mind to everyone concerned because we will always be there to stand behind the report if it is ever challenged.
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.