Property Valuations for Estate Settlement by Floyd Appraisal Works
The job 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 empathy to the feelings of everyone left behind.
Attorneys and accountants depend on our ideals when calculating real property values for estates, divorces, or other disputes requiring a cost being placed on real property. There are required needs for everyone; we are sympathetic to these necessities and are comfortable to working with all parties involved. Among our staff, we are used to interacting with the courts in creating appraisal reports that surpass their needs.
Contact us immediately to discuss your exact estate appraisal requirements and how we can put our business acumen to work for you.
Usually, settling an estate requires an detailed appraisal report to establish fair market value for the property to the satisfaction of the parties involved. It's understandable that thinking about an appraisal is the farthest thought from your mind. Due to this, it is possible that the time of death differs from the date the appraisal is required. Floyd Appraisal Works assures that we are comfortable with the procedures and requirements needed by the IRS and TN revenue agencies to supply a retroactive appraisal with an effective date and fair market value estimate matching the exact date you suffered the loss of your loved one. The ethical obligations explained within the Uniform Standards of Professional Appraisal Practice (USPAP) keeps our company to confidentiality, guaranteeing the strongest degree of discretion for you and your loved ones.
Most people don't realize that the IRS requires information filed to support the numbers involved in estate sales.
An accurate report showing the appraiser's opinion of value is necessary to back the methods the appraiser used to come to his conclusions. In having a report backed by Floyd Appraisal Works's expert staff, you will have the knowledge that the numbers shown in the report will certainly demonstrate to the authorities that the numbers used are accurate and substantiated.
Having a professional appraisal report from Floyd Appraisal Works gives the executor undeniable facts and figures to work with in exceeding IRS and TN state agency requirements. There's no need to have anything but peace of mind when getting an appraisal from Floyd Appraisal Works, because we will stand by it no matter what.
One of the most significant requirements in a report is an appraiser-supported opinion of value in a detailed reason as to how the appraiser came to his conclusion.