Appraisals for Estate Settlement by AM Appraisal

The job 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 deceased as quickly and exactly as possible. You can count on us to act quickly and with as much sensitivity to the feelings of everyone in bereavement.

Attorneys and accountants depend on our ideals when calculating real estate values for estates, divorces, or other disputes requiring a value being placed on real property. There are specific needs for everyone; we realize these needs and are acclimated to dealing with all parties involved. Because of our experience in dealing with attorneys and accountants and other agencies, we produce reports that definitely meet all expectations.

Usually, settling an estate requires an accurate appraisal report to ascertain fair market value for the property to the satisfaction of the parties involved. We understand that in times like this, ordering an appraisal report is the furthest thought from your mind. Due to this, often the time of death differs from the time the appraisal is needed. We are comfortable with the procedures and requirements obligatory to produce a retroactive appraisal with an effective date and fair market value estimate matching the exact date your loved one passed away. The ethical requirements listed within the Uniform Standards of Professional Appraisal Practice (USPAP) keeps us to confidentiality, assuring the fullest degree of discretion for you and your loved ones.

Many people do not understand that the IRS requires documents filed to explain the numbers involved in estate sales.

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. In having a report supported by AM Appraisal's professional appraisers, you will have the knowledge that the numbers displayed in the appraisal report will clearly demonstrate to the IRS that the numbers used are accurate and correct.

Having a professional appraisal from AM Appraisal gives the executor irrefutable facts and figures to work with in going beyond IRS and PR state agency requirements. It assures peace of mind to everyone concerned because we assure you that we will stand behind the appraisal report if it is ever challenged.

Opinions of value used in documents filed with the revenue authorities absolutely should be supported by an exhaustive report as to how the appraiser acquired his conclusions.