Property Valuations for Estate Settlement by Ryan PovolishThe task 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 promptly and exactly as possible. You can count on us to act quickly and with as much sympathy to the feelings of everyone in bereavement. We've made it our company's goal in producing top-notch appraisals that attorneys and accountants have come to rely on. Sometimes, the parties involved will have different suggestions of how the appraisal process should work; however, our experience of the estate process definitely satisfy all parties involved. In our company, we are accustomed to working with legal agencies in writing appraisals that transcend their requirements. Contact us immediately to discuss your specialized estate appraisal specifications and how we can put our knowledge to work for you. Settling an estate most often requires an appraisal to suggest fair market value for the residential property therein. We understand that when you lose a loved one, acquiring an appraisal report is the furthest thought from your mind. Of course, you have to be there for your family first. We are familiar with the practices and requirements needed to produce a retroactive appraisal with an effective date and fair market value estimate matching the exact date your loved one passed away. The ethical obligations listed within the Uniform Standards of Professional Appraisal Practice (USPAP) keeps our company to confidentiality, certifying the fullest degree of discretion for all parties involved. Many people do not understand that the IRS requires information filed to express the numbers involved in estate sales. A comprehensive report showing the appraiser's opinion of value is important to support the methods the appraiser used to come to his conclusions. Such a report will certainly demonstrate to the IL agencies that the numbers used are accurate and substantiated. Having a professional report from Ryan Povolish gives the executor definite facts and figures to work with in meeting IRS and IL state agency requirements. It assures peace of mind to everyone concerned because we are there to stand behind the report if it is ever challenged. One of the most important requirements in an appraisal report is an appraiser-supported opinion of value in a detailed explanation as to how the appraiser came to his conclusion. |