Appraisals for Estate Settlement by Paul MoriconiSettling 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 swiftly and exactly as possible. You can count on us to act quickly and with as much empathy to the feelings of everyone left behind. Lawyers and accountants rely on our understanding when calculating real property values for estates, divorces, or other disputes requiring a cost being placed on real property. Often, the parties involved will have their own ideas of how the appraisal process should work; however, our knowledge of the estate process will undoubtedly satisfy all parties involved. In our company, we are accustomed to working with legal agencies in producing appraisal reports that surpass their necessities. Contact us as soon as possible to discuss your specific estate appraisal specifications and how we can put our experience to work for you. Settling an estate generally requires an appraisal to determine fair market value for the residential property therein. We know that in this time of loss, even thinking about an appraisal is the furthest thought from your mind. Because of this, often there are times that the date of an appraisal differs from the date of your loss. Our professional staff is knowledgeable about the procedures and requirements needed to supply a retroactive appraisal with an effective date and fair market value estimate matching the date your loved one passed away. The ethical obligations stated within the Uniform Standards of Professional Appraisal Practice (USPAP) attunes our company to confidentiality, guaranteeing the highest degree of discretion for all parties involved. Many times, people do not fully appreciate the need to have a detailed real estate appraisal supplied in support of the numbers shown in general documents filed with the IRS and IL state agencies. One of the most important requirements in a report is an appraiser-supported opinion of value in an exhaustive explanation as to how the appraiser came to his conclusion. Such a report will definitely demonstrate to the IRS that the numbers used are accurate and substantiated. An executor will be over-joyed by an appraisal report by Paul Moriconi which will show him irrefutable facts and numbers to cooperate with any legal agency's requirements. You need not worry over anything, because we will be there to stand by our reports if they are ever refuted. Opinions of value shown in documents filed with the the IRS and IL state agencies absolutely should be backed by a comprehensive report as to how the appraiser acquired his conclusions. |