West Valley Appraisal Services understands the special needs of estate executors
Settling 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 promptly and respectfully as possible. You can count on us to act quickly and with as much understanding to the feelings of everyone involved.
Attorneys and accountants count on our ethics when calculating real property values for estates, divorces, or other disputes requiring a worth being placed on real property. We are sympathetic to their needs and are used to helping with all parties involved. We offer appraisal reports that transcend the obligations of the courts and assorted groups.
Contact us promptly to discuss your precise estate appraisal needs and how we can put our business acumen to work for you.
Usually, settling an estate requires an clear appraisal report to determine fair market value for the house to the satisfaction of the parties involved. We sympathize that when you lose a loved one, ordering an appraisal is the furthest thought from your mind. Of course, you have to be there for your loved ones first. West Valley Appraisal Services assures that our staff are knowledgeable about the procedures and requirements requested by the IRS and AZ revenue agencies to produce a retroactive appraisal with an effective date and fair market value estimate matching the date your loved one passed away. The ethical requirements stated within the Uniform Standards of Professional Appraisal Practice (USPAP) attunes our appraisers to confidentiality, guaranteeing the fullest degree of discretion for all parties involved.
Often, people do not fully acknowledge the importance in having a detailed appraisal report produced in support of the numbers displayed in tax documents filed with the IRS and AZ state agencies.
One of the most essential requirements in a report is an appraiser-supported opinion of value in a detailed reason as to how the appraiser came to his conclusion. Such a report will certainly demonstrate to the IRS that the numbers used are accurate and correct.
An executor will be satisfied by a report by West Valley Appraisal Services which will provide him irrefutable facts and figures to cooperate with the IRS and AZ state agencies' requirements. It assures peace of mind to everyone concerned because we are there to stand behind the report if it is ever refuted.
Opinions of value used in documents filed with the the IRS and AZ state agencies definitely should be backed by an exhaustive report as to how the appraiser acquired his conclusions.