Appraisals for Estate Settlement by Davis Appraisal Service
The responsibility 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 departed as swiftly and respectfully as possible. You can count on us to act quickly and with as much sensitivity to the feelings of everyone involved.
Part of Davis Appraisal Service's company goal is to supply top-notch, ethical appraisals that attorneys can rely on. There are required needs for everyone; we comprehend these needs and are familiar to working with all parties involved. In our company, we are used to dealing with legal agencies in providing appraisal reports that meet their necessities.
Contact us today to discuss your specialized estate appraisal requirements and how we can put our experience to work for you.
Generally, settling an estate requires an irrefutable appraisal report to show fair market value for the house to the satisfaction of the parties involved. It's understandable that thinking about getting an appraisal is the farthest thought from your mind. Of course, it's expected that you need to be there for your loved ones first. Our professional staff is knowledgeable about the systems and requirements obligatory to supply a retroactive appraisal with an effective date and fair market value estimate matching the date your loved one passed away. The ethical requirements listed within the Uniform Standards of Professional Appraisal Practice (USPAP) keeps our appraisers to confidentiality, ensuring the highest degree of discretion for you.
The requirement of ordering an appraisal report when working with government agencies to show income when filing documents is often not considered by most people.
Opinions of value shown in documents filed with the the IRS and TN state agencies absolutely should be supported by a detailed report as to how the appraiser arrived at his conclusions. Such a report will clearly demonstrate to the IRS that the numbers used are accurate and substantiated.
Having a professional appraisal from Davis Appraisal Service gives the executor irrefutable facts and figures to work with in meeting IRS and TN state agency requirements. It assures peace of mind to everyone concerned because we assure you that we will stand behind the report if it is ever challenged.
Opinions of value shown in documents provided to the the IRS and TN state agencies definitely should be backed by a comprehensive report as to how the appraiser came to his conclusions.