Prescott Appraisal Service, Inc. understands the special needs of estate executorsSettling an estate is an important and sometimes stressful task. As an executor you have been entrusted to carry out the wishes of the deceased as quickly and with as much dignity as possible. You can count on us to act quickly and with as much compassion to the feelings of everyone left behind. Lawyers and accountants count on our understanding when calculating real property values for estates, divorces, or other disputes requiring a value being placed on real property. There are specific needs for everyone; we understand these requirements and are acclimated to working with all parties involved. We provide appraisal reports that exceed the needs of the legal system and assorted agencies. Contact us immediately to discuss your precise estate appraisal essentials and how we can put our business acumen to work for you. Settling an estate generally depends on an appraisal to determine fair market value for the home affected. We sympathize that when you lose a loved one, acquiring an appraisal report is the furthest thought from your mind. So, it's possible the date an appraisal is needed will deviate the date of death. Prescott Appraisal Service, Inc. assures that we are accustomed to the procedures and requirements requested by the IRS and RI revenue agencies to perform a retroactive appraisal with an effective date and fair market value estimate matching the date you suffered the loss of your loved one. The ethics provision stated within the Uniform Standards of Professional Appraisal Practice (USPAP) binds our staff to confidentiality, ensuring the highest degree of privacy for all parties involved. The requirement of owning an appraisal report when working with the IRS to show income when filing documents is often not considered by most people. One of the most significant requirements in a report is an appraiser-supported opinion of value in a detailed explanation as to how the appraiser came to his conclusion. Such a report will certainly demonstrate to the IRS that the numbers used are accurate and substantiated. An executor will be ecstatic by a report by Prescott Appraisal Service, Inc. which will give him undeniable facts and numbers to deal with revenue agencies' requirements. You need not be concerned over anything, because Prescott Appraisal Service, Inc. will be there to back up our appraisals if they are ever challenged. Opinions of value displayed in documents filed with the revenue authorities absolutely should be supported by a comprehensive report as to how the appraiser came to his conclusions. |