Estate Settlement Appraisals in IL by Corrie Appraisal & Consulting, Inc.
The responsibility of settling an estate, while stressful 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 in bereavement.
Lawyers and accountants count on our understanding when calculating real estate values for estates, divorces, or other disputes requiring a worth being placed on real property. There are required needs for everyone; we realize these requirements and are familiar to dealing with all parties involved. Among our staff, we are used to interacting with law offices in writing reports that exceed their requirements.
Contact us promptly to discuss your explicit estate appraisal requirements and how we can put our knowledge to work for you.
Commonly, settling an estate necessitates an extensive appraisal report to establish fair market value for the property to the satisfaction of the parties involved. It's understandable that thinking about getting an appraisal is the farthest thought from your mind. Due to this, often the date of death differs from the time the appraisal is required. Our staff is accustomed to 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 ethics provision listed within the Uniform Standards of Professional Appraisal Practice (USPAP) conforms our company to confidentiality, assuring the highest degree of discretion for all parties involved.
All too often, people do not fully fathom the necessity in having an intricate real estate appraisal produced in support of the numbers displayed in general documents filed with the IRS.
Opinions of value displayed in documents filed with the the IRS and IL state agencies absolutely should be supported by a comprehensive report as to how the appraiser acquired his conclusions. Such a report will definitely demonstrate to the IRS that the numbers used are accurate and correct.
Corrie Appraisal & Consulting, Inc. ensures an well-founded report, which will provide an executor solid facts and figures that will meet IRS and state agency requirements. It assures peace of mind to everyone concerned because we will always be there to stand behind the appraisal report if it is ever challenged.
A comprehensive report showing the appraiser's opinion of value is important to support the methods the appraiser used to come to his conclusions.