Russell Appraisal Service knows the special needs of estate executors
Estate settlement is often stressful, but a very important job. As an executor you have been entrusted to carry out the wishes of the deceased as quickly and respectfully as possible. You can count on us to act quickly and with as much understanding to the feelings of everyone in bereavement.
We've made a name for ourselves in supplying the best appraisals that lawyers and accountants have come to rely on. Generally, all parties will have their own requirements of how the appraisal process should work; however, our knowledge of the estate process will undoubtedly satisfy all parties involved. We compose appraisal reports that outdo the necessities of the courts and assorted agencies.
Contact us today to discuss your specific estate appraisal requirements and how we can put our knowledge to work for you.
Commonly, settling an estate requires an irrefutable appraisal report to determine fair market value for the property to the satisfaction of the parties involved. We empathize that when you lose a loved one, ordering an appraisal report is the furthest thought from your mind. Due to this, often the date of death differs from the date the appraisal is requested. Russell Appraisal Service assures that we are comfortable with the procedures and requirements requested by revenue services to perform a retroactive appraisal with an effective date and fair market value estimate matching the exact date your loved one passed away. The ethical obligations stated within the Uniform Standards of Professional Appraisal Practice (USPAP) attunes our appraisers to confidentiality, guaranteeing the highest degree of privacy for all parties involved.
The importance of owning an appraisal when dealing with the IRS to show income when filing documents is often overlooked by most people.
One of the most important requirements in an appraisal report is an appraiser-supported opinion of value in a detailed reason as to how the appraiser came to his conclusion. A report of this caliber will certainly demonstrate your claim that the numbers expressed within the report are well-founded and accurate.
Having a professional appraisal from Russell Appraisal Service gives the executor definite facts and figures to work with in going beyond IRS and TX state agency requirements. You need not stress over anything, because Russell Appraisal Service will be there to stand by our reports if they are ever challenged.
Opinions of value shown in documents provided to the the IRS and TX state agencies definitely should be backed by an accurate report as to how the appraiser arrived at his conclusions.