Appraisals for Estate Settlement by The August Group Inc.
Estate settlement is an important and sometimes stressful task. 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 respect to the feelings of everyone left behind.
Lawyers and accountants count on our ideals when calculating real estate values for estates, divorces, or other disputes requiring a cost being placed on real property. Sometimes, all parties will have their own requirements of how the appraisal process should work; however, our experience of the estate process definitely satisfy all parties involved. Among our staff, we are used to working with legal agencies in providing appraisal reports that out-strip their necessities.
Contact us promptly to discuss your specific estate appraisal essentials and how we can put our knowledge to work for you.
Settling an estate generally requires an appraisal to establish fair market value for the residential property in question. It's understandable that ordering an appraisal is the farthest thought from your mind. Because of this, often there can be times that the date of an appraisal report deviates from the time of death. Our company is knowledgeable about the practices and requirements necessary to provide a retroactive appraisal with an effective date and fair market value estimate matching the date your loved one passed away. The ethical obligations stated within the Uniform Standards of Professional Appraisal Practice (USPAP) conforms our company to confidentiality, ensuring the fullest degree of discretion for all parties involved.
Many people do not understand that the IRS needs reports filed to explain the numbers involved in estate sales.
A comprehensive report showing the appraiser's opinion of value is required to back the methods the appraiser used to come to his conclusions. In having a report backed by The August Group Inc.'s professional appraisers, you will have the knowledge that the numbers displayed in the appraisal will definitely demonstrate to the authorities that the numbers used are accurate and correct.
An executor will be ecstatic by an appraisal report by The August Group Inc. which will show him undeniable facts and numbers to cooperate with revenue agencies' requirements. There's no need to have anything but peace of mind when getting an appraisal from us, because we will support it no matter what.
Opinions of value shown in documents filed with the the IRS and MO state agencies absolutely should be backed by a detailed report as to how the appraiser arrived at his conclusions.