Appraisals for Estate Settlement by Longstaff AppraisalsSettling 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 quickly and exactly as possible. You can count on us to act quickly and with as much respect to the feelings of everyone in bereavement. Part of Longstaff Appraisals's company goal is to supply top-notch, ethical appraisals that lawyers can depend on. Often, the parties involved will have their own requirements of how the appraisal process should work; however, our knowledge of the estate process definitely satisfy all parties involved. In relation to our experience in working with the legal system and different agencies, we compose appraisal reports that definitely transcend all expectations. Contact us immediately to discuss your specialized estate appraisal requirements and how we can put our knowledge to work for you. Commonly, settling an estate requires an clear appraisal report to acquire fair market value for the property to the satisfaction of the parties involved. It's understandable that ordering getting an appraisal is the farthest thought from your mind. Because of this, now and then there are times that the effective date of an appraisal differs from the time of death. Longstaff Appraisals assures that we are comfortable with the procedures and requirements requested by revenue services to perform a retroactive appraisal with an effective date and fair market value estimate matching the exact date of death. The ethics provision explained within the Uniform Standards of Professional Appraisal Practice (USPAP) binds our staff to confidentiality, assuring the fullest degree of privacy for you and your loved ones. Many people do not understand that the IRS requires reports filed to support the numbers involved in estate sales. A comprehensive report showing the appraiser's opinion of value is important to support the methods the appraiser used to come to his conclusions. Such a report will definitely demonstrate to the authorities that the numbers used are well-founded and substantiated. Having a professional report from Longstaff Appraisals gives the executor undeniable facts and figures to work with in going beyond IRS and SD state agency requirements. It assures peace of mind to everyone concerned because we assure you that we will stand behind the appraisal report if it is ever refuted. Opinions of value used in documents provided to the revenue authorities absolutely should be backed by a detailed report as to how the appraiser acquired his conclusions. |