Farmer Appraisals understands the special needs of estate executorsThe responsibility of settling an estate, often a source of stress, is not to be taken lightly. It's up to you as a trustee to carry out the wishes of the departed as promptly and attentively as possible. You can count on us to act quickly and with as much compassion to the feelings of everyone involved.
Lawyers and accountants count on our ethics when calculating real estate values for estates, divorces, or other disputes requiring a value being determined for real property. Often, everyone involved will have different ideas of how the appraisal process should work; however, our knowledge of the estate process definitely satisfy all parties involved. We offer appraisal reports that transcend the requirements of the courts and assorted agencies.
Settling an estate usually depends on an appraisal to suggest market value for the home in question. We understand that when you lose a loved one, ordering an appraisal is the furthest thought from your mind. So, it's possible the time an appraisal is needed will not match the date of death. Farmer Appraisals assures that our appraisers are accustomed to the procedures and requirements requested by revenue services to perform a retrospective appraisal with an effective date and market value estimate matching the date you suffered the loss of your loved one. The ethical obligations listed within the Uniform Standards of Professional Appraisal Practice (USPAP) keeps our appraisers to confidentiality, assuring the highest degree of privacy for you and your family.
The importance of ordering an appraisal when cooperating with the IRS to explain income when filing documents is often not considered by most people.
One of the most essential requirements in an appraisal is an appraiser-supported opinion of value in a comprehensive reason as to how the appraiser came to his conclusion. Such a report will definitely demonstrate to the authorities that the numbers used are accurate and substantiated.
Having a professional report from Farmer Appraisals gives the executor definite facts and figures to work with in meeting IRS and Texas state agency requirements. You need not stress over anything, because Farmer Appraisals will be there to stand by our appraisals if they are ever challenged.