Appraisals for Estate Settlement by Tierney Appraisals
The responsibility of settling an estate, often a source of stress is very important. As an executor you have been entrusted to carry out the wishes of the deceased as promptly and respectfully as possible. You can count on us to act quickly and with as much sensitivity to the feelings of everyone involved.
Part of Tierney Appraisals's focus is to produce top-notch, ethical appraisals that lawyers can rely on. We cater to their needs and are familiar with dealing with all parties involved. In our company, we are accustomed to interacting with legal agencies in providing appraisal reports that out-strip their demands.
Contact us as soon as possible to discuss your explicit estate appraisal requirements and how we can put our experience to work for you.
Usually, settling an estate requires an extensive appraisal report to show fair market value for the house to the satisfaction of the parties involved. It's understandable that ordering getting an appraisal is the farthest thought from your mind. Because of this, now and then there will be times that the date of an appraisal deviates from the date of your loss. Tierney Appraisals assures that we are accustomed to the procedures and requirements requested by the IRS and MA revenue agencies to perform a retroactive appraisal with an effective date and fair market value estimate matching the exact date your loved one passed away. The ethics provision listed within the Uniform Standards of Professional Appraisal Practice (USPAP) attunes our staff to confidentiality, certifying the highest degree of privacy for you.
Most people don't realize that the IRS needs information filed to explain the numbers involved in estate sales.
Opinions of value displayed in documents provided to the the IRS and MA state agencies definitely should be supported by a comprehensive report as to how the appraiser came to his conclusions. Such a report will certainly demonstrate to the authorities that the numbers used are accurate and correct.
Tierney Appraisals ensures an well-founded appraisal, which will give an executor accurate facts and figures that will exceed IRS and revenue agency requirements. It assures peace of mind to everyone concerned because we assure you that we will stand behind the report if it is ever challenged.
One of the most essential requirements in an appraisal is an appraiser-supported opinion of value in an exhaustive explanation as to how the appraiser came to his conclusion.