Property Valuations for Estate Settlement by Corrie Appraisal & Consulting, Inc.
Settling an estate is often stressful, but a very important job. As an executor you have been entrusted to carry out the wishes of the deceased as promptly and exactly as possible. You can count on us to act quickly and with as much compassion to the feelings of everyone in bereavement.
Lawyers and accountants rely on our understanding when calculating real property values for estates, divorces, or other disputes requiring a worth being placed on real property. Often, the parties involved will have differing requirements of how the appraisal process should work; however, our knowledge of the estate process will, without a doubt, satisfy all parties involved. Among our staff, we are accustomed to dealing with law offices in creating appraisal reports that out-strip their requirements.
Contact us immediately to discuss your individual estate appraisal specifications and how we can put our business acumen to work for you.
Settling an estate most often depends on an appraisal to ascertain fair market value for the home affected. We know that when you lose a loved one, acquiring an appraisal report is the furthest thought from your mind. So, there's a chance the time an appraisal is requested will differ the date of death. Corrie Appraisal & Consulting, Inc. assures that our staff are familiar with the procedures and requirements requested by the IRS and IL revenue agencies to perform a retroactive appraisal with an effective date and fair market value estimate matching the date your loved one passed away. The ethical obligations explained within the Uniform Standards of Professional Appraisal Practice (USPAP) binds our appraisers to confidentiality, certifying the highest degree of discretion for you.
Many times, people do not fully acknowledge the requirement to have an exhaustive appraisal supplied in support of the numbers being used in general documents filed with the IRS.
A comprehensive report showing the appraiser's opinion of value is important to support the methods the appraiser used to come to his conclusions. In having a report supported by Corrie Appraisal & Consulting, Inc.'s professional staff, you will have the peace of mind that the numbers shown in the appraisal report will clearly demonstrate to the IRS that the numbers used are well founded and substantiated.
Having a professional appraisal from Corrie Appraisal & Consulting, Inc. gives the executor solid facts and figures to work with in exceeding IRS and IL state agency requirements. You need not be concerned over anything, because we will be there to back up our reports if they are ever challenged.
Opinions of value displayed in documents provided to the revenue authorities definitely should be supported by an accurate report as to how the appraiser arrived at his conclusions.