Floyd Appraisal Works knows the special needs of estate executors
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 swiftly and respectfully as possible. You can count on us to act quickly and with as much sensitivity to the feelings of everyone involved.
We've made it our company's goal in providing top-notch appraisals that attorneys and accountants have come to rely on. We cater to their needs and are accustomed to dealing with all parties involved. We construct appraisal reports that surpass the needs of the legal system and other groups.
Contact us promptly to discuss your specific estate appraisal specifications and how we can put our business acumen to work for you.
Settling an estate most often requires an appraisal to determine fair market value for the home therein. We sympathize that in this time of loss, acquiring an appraisal report is the furthest thought from your mind. Due to this, now and then the date of death differs from the date the appraisal is ordered. Floyd Appraisal Works assures that our staff are comfortable with the procedures and requirements requested by the IRS and TN revenue agencies to supply a retroactive appraisal with an effective date and fair market value estimate matching the date of death. The ethical obligations listed within the Uniform Standards of Professional Appraisal Practice (USPAP) conforms our company to confidentiality, certifying the highest degree of privacy for you and your loved ones.
The necessity of ordering an appraisal when cooperating with revenue services to show income when filing documents is often misunderstood by most people.
An exhaustive report showing the appraiser's opinion of value is necessary to back the methods the appraiser used to come to his conclusions. Such a report will definitely demonstrate to the IRS that the numbers used are accurate and correct.
Floyd Appraisal Works ensures an substantiated report, which will give an executor solid facts and figures that will exceed IRS and revenue agency requirements. It assures peace of mind to everyone concerned because we are there to stand behind the appraisal report if it is ever challenged.
Opinions of value shown in documents filed with the the IRS and TN state agencies definitely should be supported by a detailed report as to how the appraiser acquired his conclusions.