Homestead Appraisals, Ltd. knows the special needs of estate executors
The responsibility of settling an estate, while stressful is very important. 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 respect to the feelings of everyone in bereavement.
Part of Homestead Appraisals, Ltd.'s focus is to supply top-notch, ethical appraisals that lawyers can rely on. Generally, all parties will have different ideas of how the appraisal process should work; however, our experience of the estate process definitely satisfy all parties involved. In relation to our familiarity in working with attorneys and accountants and other agencies, we offer reports that definitely transcend all expectations.
Contact us today to discuss your specialized estate appraisal essentials and how we can put our knowledge to work for you.
Settling an estate generally demands an appraisal to acquire fair market value for the estate affected. We understand that in this time of loss, acquiring an appraisal is the furthest thought from your mind. So, there's a chance the date an appraisal is ordered will deviate the date of death. Our professional staff is knowledgeable about the systems and requirements obligatory 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 ethics provision listed within the Uniform Standards of Professional Appraisal Practice (USPAP) keeps us to confidentiality, certifying the fullest degree of privacy for you and your loved ones.
The importance of needing an appraisal when cooperating with government agencies to prove income when filing documents is often overlooked by most people.
One of the most essential requirements in an appraisal is an appraiser-backed opinion of value in a comprehensive reason as to how the appraiser came to his conclusion. A report of this caliber will definitely show the evidence that the numbers provided within the report are well-founded and accurate.
Having a professional appraisal from Homestead Appraisals, Ltd. gives the executor irrefutable facts and figures to work with in meeting IRS and IL state agency requirements. It assures peace of mind to everyone concerned because we assure you that we will stand behind the report if it is ever refuted.
Opinions of value shown in documents provided to the revenue authorities definitely should be supported by a comprehensive report as to how the appraiser came to his conclusions.