Property Valuations for Estate Settlement by Phillips Appraisal

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 with as much dignity as possible. You can count on us to act quickly and with as much sympathy to the feelings of everyone involved.

We've shown that we're experts in producing top-notch appraisals that lawyers and accountants have come to depend on. Generally, the parties involved will have differing requirements of how the appraisal process should work; however, our understanding of the estate process will, without a doubt, satisfy all parties involved. We furnish appraisal reports that transcend the needs of the courts and various groups.

Settling an estate generally depends on an appraisal to show fair market value for the house affected. We understand that in times like this, ordering an appraisal is the furthest thought from your mind. Of course, you have to be there for your loved ones first. Our company is comfortable with the procedures and requirements obligatory to perform 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 ethics provision listed within the Uniform Standards of Professional Appraisal Practice (USPAP) conforms our appraisers to confidentiality, certifying the strongest degree of privacy for you.

Most people don't realize that the IRS requires information filed to explain the numbers involved in estate sales.

Opinions of value used in documents provided to the the IRS and WI state agencies definitely should be supported by an accurate report as to how the appraiser acquired his conclusions. A report of this caliber will certainly show the evidence that the numbers displayed within the report are well-founded and accurate.

Phillips Appraisal guarantees an substantiated appraisal report, which will give an executor definite facts and numbers that will exceed IRS and state agency requirements. There's no need to worry when getting an appraisal from us, because we will back it no matter what.

One of the most necessary requirements in an appraisal report is an appraiser-backed opinion of value in a comprehensive explanation as to how the appraiser came to his conclusion.