Appraisals for Estate Settlement by Daniel Todd Appraisal Services, LLC
Settling an estate is an important and sometimes stressful task. As an executor you have been entrusted to carry out the wishes of the departed as promptly and exactly as possible. You can count on us to act quickly and with as much compassion to the feelings of everyone involved.
Lawyers and accountants rely on our ethics when calculating real estate values for estates, divorces, or other disputes requiring a worth being placed on real property. Sometimes, all parties will have their own expectations of how the appraisal process should work; however, our knowledge of the estate process will undoubtedly satisfy all parties involved. We create appraisal reports that transcend the necessities of the courts and various groups.
Contact us immediately to discuss your precise estate appraisal needs and how we can put our experience to work for you.
Settling an estate most often depends on an appraisal to establish fair market value for the estate therein. It's understandable that thinking about an appraisal is the farthest thought from your mind. Due to this, often the time of death differs from the date the appraisal is ordered. Daniel Todd Appraisal Services, LLC assures that we are familiar with the procedures and requirements needed by the IRS and IN revenue agencies to provide 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 explained within the Uniform Standards of Professional Appraisal Practice (USPAP) attunes our appraisers to confidentiality, assuring the highest degree of privacy for you.
Most people don't realize that the IRS requires reports filed to show the numbers involved in estate sales.
An accurate report showing the appraiser's opinion of value is required to support the methods the appraiser used to come to his conclusions. Such a report will definitely demonstrate to the IRS that the numbers used are accurate and correct.
Daniel Todd Appraisal Services, LLC guarantees an well-founded appraisal report, which will provide an executor accurate facts and figures that will exceed IRS and revenue agency requirements. You need not be concerned over anything, because we will be there to back up our appraisals if they are ever challenged.
One of the most necessary requirements in an appraisal report is an appraiser-backed opinion of value in a detailed explanation as to how the appraiser came to his conclusion.