Property Valuations for Estate Settlement by West KY Appraisals

Estate settlement is an important and sometimes stressful 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.

Lawyers and accountants rely on our conduct when calculating real estate values for estates, divorces, or other disputes requiring a value being placed on real property. Usually, the parties involved will have different ideas of how the appraisal process should work; however, our understanding of the estate process will, without a doubt, satisfy all parties involved. We write appraisal reports that transcend the necessities of the legal system and assorted groups.

Settling an estate most often demands an appraisal to establish fair market value for the estate involved. It's understandable that ordering getting an appraisal is the farthest thought from your mind. Due to this, often the date of death differs from the time the appraisal is needed. West KY Appraisals assures that our appraisers are familiar 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 date you suffered the loss of your loved one. The ethics provision stated within the Uniform Standards of Professional Appraisal Practice (USPAP) binds our company to confidentiality, assuring the highest degree of discretion for you.

Many times, people do not fully fathom the demand to have an intricate appraisal report produced in support of the numbers shown in general documents filed with the IRS.

One of the most necessary requirements in an appraisal is an appraiser-supported opinion of value in an exhaustive explanation as to how the appraiser came to his conclusion. Such a report will certainly demonstrate to the KY agencies that the numbers used are well-founded and substantiated.

West KY Appraisals ensures an accurate appraisal, which will give an executor solid facts and numbers that will meet IRS and revenue agency requirements. You need not stress over anything, because we will be there to back up our appraisals if they are ever challenged.

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