Property Valuations for Estate Settlement by Milstead's Appraisal ServiceSettling an estate is an important and sometimes stressful job. As an executor you have been entrusted to carry out the wishes of the departed as swiftly and with as much dignity as possible. You can count on us to act quickly and with as much sympathy to the feelings of everyone in bereavement. Lawyers and accountants rely on our understanding when calculating real property values for estates, divorces, or other disputes requiring a value being placed on real property. Usually, the parties involved will have differing expectations of how the appraisal process should work; however, our understanding of the estate process will, without a doubt, satisfy all parties involved. Among our staff, we are accustomed to interacting with the courts in supplying reports that transcend their necessities. Contact us today to discuss your unique estate appraisal specifications and how we can put our experience to work for you. Generally, settling an estate requires an accurate appraisal report to ascertain fair market value for the property to the satisfaction of the parties involved. We sympathize that in times like this, acquiring an appraisal is the furthest thought from your mind. Of course, you need to be there for your family first. Milstead's Appraisal Service assures that we are comfortable with the procedures and requirements requested by the IRS and TN revenue agencies to provide a retroactive appraisal with an effective date and fair market value estimate matching the date of death. The ethics provision explained within the Uniform Standards of Professional Appraisal Practice (USPAP) binds our staff to confidentiality, ensuring the highest degree of privacy for you. Most people don't realize that the IRS requires information filed to express the numbers involved in estate sales. A comprehensive report showing the appraiser's opinion of value is necessary to back the methods the appraiser used to come to his conclusions. In having a report backed by Milstead's Appraisal Service's expert appraisers, you will have the peace of mind that the numbers provided in the report will definitely demonstrate to the IRS that the numbers used are accurate and substantiated. An executor will be ecstatic by an appraisal by Milstead's Appraisal Service which will show him solid facts and figures to work with the IRS and TN state agencies' requirements. You need not be concerned over anything, because we will be there to back up our work if they are ever challenged. Opinions of value used in documents provided to the revenue authorities definitely should be supported by a detailed report as to how the appraiser arrived at his conclusions. |