A4 Appraisal Professional Corp. understands the special needs of estate executorsSettling an estate is an important and sometimes stressful job. It's up to you as an executor to carry out the wishes of the departed as promptly and attentively as possible. You can count on us to respond quickly and with as much sympathy to the feelings of everyone involved.
Lawyers and accountants rely on our understanding when calculating real estate values for estates, divorces, or other disputes requiring a value being determined for real property. Sometimes, everyone involved will have their own requirements of how the appraisal process should work; however, our experience of the estate process will, without a doubt, satisfy all parties involved. Among our staff, we are used to interacting with the courts in supplying reports that surpass their demands.
Commonly, settling an estate requires a clear appraisal report to establish market value for the property to the satisfaction of the parties involved. We sympathize that in this time of loss, ordering an appraisal is the furthest thought from your mind. So, there's a chance the time an appraisal is needed will not match the date of death. A4 Appraisal Professional Corp. assures that our appraisers are comfortable with the procedures and requirements needed by revenue services to produce a retrospective appraisal with an effective date and market value estimate matching the date you suffered the loss of your loved one. The ethics provision listed within the Uniform Standards of Professional Appraisal Practice (USPAP) binds us to confidentiality, guaranteeing the strongest degree of privacy for all parties involved.
All too often, people do not fully appreciate the demand to have a full appraisal produced in support of the figures displayed in tax documents filed with the IRS and Illinois state agencies.
Opinions of value shown in documents provided to revenue authorities definitely should be backed by a detailed report as to how the appraiser acquired his conclusions. This level of documentation will certainly show the evidence that the values presented are well-founded and accurate.
Having a professional appraisal from A4 Appraisal Professional Corp. gives the executor definite facts and figures to work with in meeting IRS and Illinois state agency requirements. It assures peace of mind to everyone concerned because we are there to stand behind the report if it is ever refuted.