Property Valuations for Estate Settlement by Barnes Appraisal Company
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 promptly and with as much dignity as possible. You can count on us to act quickly and with as much empathy to the feelings of everyone involved.
Lawyers and accountants rely on our ethics when calculating real estate values for estates, divorces, or other disputes requiring a worth being placed on real property. We understand their needs and are acclimated to dealing with all parties involved. In our company, we are used to working with law offices in writing appraisals that surpass their necessities.
Contact us as soon as possible to discuss your unique estate appraisal needs and how we can put our knowledge to work for you.
Settling an estate most often depends on an appraisal to establish fair market value for the residential property therein. It's understandable that thinking about an appraisal is the farthest thought from your mind. Because of this, often there will be times that the date of an appraisal differs from the date of your loss. Barnes Appraisal Company assures that our staff are comfortable with the procedures and requirements requested by the IRS and OK 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) keeps our staff to confidentiality, assuring the fullest degree of discretion for you.
Many people do not understand that the IRS needs information filed to express the numbers involved in estate sales.
One of the most significant 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. Such a report will definitely demonstrate to the authorities that the numbers used are accurate and substantiated.
Having a professional appraisal report from Barnes Appraisal Company gives the executor undeniable facts and figures to work with in going beyond IRS and OK state agency requirements. There's no need to worry when getting a report from Barnes Appraisal Company, because we will back it no matter what.
Opinions of value shown in documents filed with the the IRS and OK state agencies definitely should be supported by an exhaustive report as to how the appraiser came to his conclusions.