Mike Humfleet Appraisal Service understands the special needs of estate executorsSettling 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 quickly and exactly as possible. You can count on us to act quickly and with as much sympathy to the feelings of everyone involved. Attorneys and accountants depend on our ideals when calculating real estate values for estates, divorces, or other disputes requiring a worth being placed on real property. Generally, the parties involved will have different requirements of how the appraisal process should work; however, our understanding of the estate process definitely satisfy all parties involved. In our company, we are used to working with the courts in writing reports that surpass their necessities. Contact us immediately to discuss your explicit estate appraisal specifications and how we can put our knowledge to work for you. Settling an estate usually depends on an appraisal to determine fair market value for the home affected. We understand that in times like this, acquiring an appraisal report is the furthest thought from your mind. So, it's possible the time an appraisal is requested will deviate the date of death. Mike Humfleet Appraisal Service assures that our appraisers are knowledgeable about the procedures and requirements requested by the IRS and KY revenue agencies to supply a retroactive appraisal with an effective date and fair market value estimate matching the date of death. The ethical obligations listed within the Uniform Standards of Professional Appraisal Practice (USPAP) attunes our appraisers to confidentiality, assuring the fullest degree of discretion for you. The importance of owning a real estate appraisal when working with government agencies to show income when filing documents is often not considered by most people. Opinions of value displayed in documents filed with the the IRS and KY state agencies definitely should be supported by a detailed report as to how the appraiser acquired his conclusions. Such a report will clearly demonstrate to the IRS that the numbers used are accurate and substantiated. Mike Humfleet Appraisal Service will provide an well-founded appraisal, which will provide an executor definite facts and numbers that will meet IRS and revenue agency requirements. You need not be concerned over anything, because we will be there to support our reports if they are ever challenged. One of the most important requirements in an appraisal report is an appraiser-backed opinion of value in a comprehensive explanation as to how the appraiser came to his conclusion. |