Estate Settlement Appraisals in MA by Tierney Appraisals
Estate settlement is often stressful, but a very important 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 respect to the feelings of everyone left behind.
Attorneys and accountants depend on our conduct when calculating real property values for estates, divorces, or other disputes requiring a cost being placed on real property. Sometimes, everyone involved will have different requirements of how the appraisal process should work; however, our knowledge of the estate process definitely satisfy all parties involved. In our company, we are accustomed to dealing with law offices in writing reports that surpass their requirements.
Contact us today to discuss your explicit estate appraisal specifications and how we can put our experience to work for you.
Generally, settling an estate necessitates an clear appraisal report to acquire fair market value for the home to the satisfaction of the parties involved. We understand that when you lose a loved one, even thinking about an appraisal report is the furthest thought from your mind. Due to this, sometimes the time of death differs from the time the appraisal is required. Tierney Appraisals assures that our appraisers are familiar with the procedures and requirements requested by revenue services to produce 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 ethical requirements listed within the Uniform Standards of Professional Appraisal Practice (USPAP) attunes our appraisers to confidentiality, providing the fullest degree of privacy for all parties involved.
Many people do not understand that the IRS needs reports filed to show the numbers involved in estate sales.
One of the most essential requirements in a report is an appraiser-backed opinion of value in an exhaustive explanation as to how the appraiser came to his conclusion. Such a report will definitely demonstrate to the IRS that the numbers used are well-founded and correct.
Tierney Appraisals ensures an accurate appraisal report, which will provide an executor solid facts and numbers that will exceed IRS and revenue agency requirements. You need not worry over anything, because we will be there to back up our reports if they are ever challenged.
Opinions of value used in documents filed with the the IRS and MA state agencies definitely should be backed by an accurate report as to how the appraiser arrived at his conclusions.