Estate Settlement Appraisals in VA by Preston HummerEstate settlement is often stressful, but a very important job. As an executor you have been entrusted to carry out the wishes of the departed as promptly and respectfully as possible. You can count on us to act quickly and with as much sensitivity to the feelings of everyone in bereavement. Lawyers and accountants count on our understanding when calculating real estate values for estates, divorces, or other disputes requiring a value being placed on real property. We realize their needs and are used to working with all parties involved. Among our staff, we are used to working with law offices in composing appraisal reports that surpass their necessities. Contact us promptly to discuss your unique estate appraisal requirements and how we can put our knowledge to work for you. Generally, settling an estate requires an irrefutable appraisal report to show fair market value for the home to the satisfaction of the parties involved. We know that in times like this, ordering an appraisal is the furthest thought from your mind. So, we understand that the date an appraisal report is needed will not match the date of death. Preston Hummer assures that we are knowledgeable about the procedures and requirements needed by revenue services to provide a retroactive appraisal with an effective date and fair market value estimate matching the date you suffered the loss of your loved one. The ethical obligations explained within the Uniform Standards of Professional Appraisal Practice (USPAP) binds our staff to confidentiality, assuring the fullest degree of discretion for you and your loved ones. People often forget that the IRS requires reports filed to explain the numbers involved in estate sales. Opinions of value displayed in documents provided to the the IRS and VA state agencies definitely should be backed by a comprehensive report as to how the appraiser acquired his conclusions. Such a report will certainly demonstrate to the VA agencies that the numbers used are well-founded and substantiated. An executor will be satisfied by an appraisal by Preston Hummer which will give him irrefutable facts and numbers to deal with the IRS and VA state agencies' requirements. There's no need to be concerned when getting a report from Preston Hummer, because we will back it no matter what. One of the most necessary requirements in a report is an appraiser-backed opinion of value in a detailed reason as to how the appraiser came to his conclusion. |