Property Valuations for Estate Settlement by Tierney Appraisals
Settling an estate is an important and sometimes stressful task. As an executor you have been entrusted to carry out the wishes of the departed as promptly and respectfully as possible. You can count on us to act quickly and with as much empathy to the feelings of everyone involved.
Attorneys and accountants count on our ideals when calculating real property values for estates, divorces, or other disputes requiring a worth being placed on real property. We realize their needs and are acclimated to dealing with all parties involved. In relation to our experience in dealing with attorneys and accountants and different agencies, we furnish appraisals that always meet all expectations.
Contact us as soon as possible to discuss your exact estate appraisal essentials and how we can put our business acumen to work for you.
Settling an estate commonly requires an appraisal to show fair market value for the property involved. We know that in this time of loss, acquiring an appraisal is the furthest thought from your mind. Due to this, now and then the time of death differs from the date the appraisal is needed. Our company is accustomed to the procedures and requirements necessary to produce a retroactive appraisal with an effective date and fair market value estimate matching the exact date of death. The ethical requirements stated within the Uniform Standards of Professional Appraisal Practice (USPAP) conforms our staff to confidentiality, assuring the fullest degree of discretion for you and your family.
Most people don't realize that the IRS needs information filed to explain the numbers involved in estate sales.
An accurate report showing the appraiser's opinion of value is necessary to support the methods the appraiser used to come to his conclusions. Such a report will clearly demonstrate to the IRS that the numbers used are accurate and substantiated.
Having a professional report from Tierney Appraisals gives the executor solid facts and figures to work with in meeting IRS and MA state agency requirements. There's no need to have anything but peace of mind when getting a report from us, because we will support it no matter what.
One of the most significant requirements in an appraisal is an appraiser-supported opinion of value in a comprehensive explanation as to how the appraiser came to his conclusion.