Property Valuations for Estate Settlement by Consolidated Appraisal ServicesEstate settlement is often stressful, but a very important job. It's up to you as an executor to carry out the wishes of the departed as quickly and with as much dignity as possible. You can count on us to respond quickly and with as much empathy to the feelings of everyone in bereavement.
Attorneys and accountants depend on our understanding when calculating real estate values for estates, divorces, or other disputes requiring a value being determined for real property. There are specific needs for everyone; we cater to these needs and are acclimated to collaborating with all parties involved. Among our staff, we are used to interacting with the courts in providing reports that surpass their necessities.
Usually, settling an estate requires an irrefutable appraisal report to suggest 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. So, it's possible the time an appraisal report is requested will deviate the date of death. Our professional staff is accustomed to the systems and requirements obligatory to perform a retrospective appraisal with an effective date and market value estimate matching the exact date your loved one passed away. The ethical requirements stated within the Uniform Standards of Professional Appraisal Practice (USPAP) keeps us to confidentiality, ensuring the strongest degree of discretion for all parties involved.
Many people do not understand that the IRS requires reports filed to support the numbers involved in estate sales.
One of the most essential requirements in an appraisal report is an appraiser-backed opinion of value in a comprehensive explanation as to how the appraiser came to his conclusion. Such a report will certainly demonstrate to the Washington agencies that the numbers used are accurate and substantiated.
Having a professional appraisal from Consolidated Appraisal Services gives the executor solid facts and figures to work with in meeting IRS and Washington state agency requirements. You need not be concerned over anything, because Consolidated Appraisal Services will be there to back up our appraisals if they are ever challenged.