Estate Settlement Appraisals in MA by Tierney Appraisals
The task of settling an estate, while stressful is very important. As an executor you have been entrusted to carry out the wishes of the deceased as swiftly and with as much dignity as possible. You can count on us to act quickly and with as much understanding to the feelings of everyone in bereavement.
Lawyers and accountants depend on our understanding when calculating real property values for estates, divorces, or other disputes requiring a cost being placed on real property. There are required needs for everyone; we cater to these necessities and are acclimated to working with all parties involved. In our company, we are accustomed to dealing with legal agencies in providing reports that meet their necessities.
Contact us promptly to discuss your exact estate appraisal specifications and how we can put our knowledge to work for you.
Generally, settling an estate necessitates an irrefutable appraisal report to acquire fair market value for the house to the satisfaction of the parties involved. We sympathize that in times like this, ordering an appraisal is the furthest thought from your mind. Due to this, now and then the date of death differs from the date the appraisal is ordered. Tierney Appraisals assures that our appraisers are accustomed to the procedures and requirements needed by revenue services to produce a retroactive appraisal with an effective date and fair market value estimate matching the exact date of death. The ethical obligations stated within the Uniform Standards of Professional Appraisal Practice (USPAP) attunes our appraisers to confidentiality, ensuring the highest degree of discretion for all parties involved.
Most people don't realize that the IRS requires documents filed to support the numbers involved in estate sales.
Opinions of value displayed in documents provided to the the IRS and MA state agencies absolutely should be supported by an exhaustive report as to how the appraiser arrived at his conclusions. Such a report will definitely demonstrate to the IRS that the numbers used are well-founded and correct.
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. You need not worry over anything, because we will be there to stand by our appraisals if they are ever challenged.
One of the most essential requirements in an appraisal report is an appraiser-supported opinion of value in a comprehensive explanation as to how the appraiser came to his conclusion.