Appraisals for Estate Settlement by Bruce W. Reyle Commercial and Residential Real Estate Appraisers & Consultants
Estate settlement 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 in bereavement.
We've shown that we're experts in supplying excellent appraisals that attorneys and accountants have come to rely on. Usually, all parties will have differing suggestions of how the appraisal process should work; however, our knowledge of the estate process will undoubtedly satisfy all parties involved. Due to our experience in dealing with the legal system and different agencies, we construct appraisals that always meet all expectations.
Contact us today to discuss your exact estate appraisal specifications and how we can put our knowledge to work for you.
Settling an estate most often requires an appraisal to acquire fair market value for the residential property therein. It's understandable that thinking about getting an appraisal is the farthest thought from your mind. Due to this, sometimes the time of death differs from the date the appraisal is ordered. Our professional staff is accustomed to the procedures and requirements necessary to perform a retroactive appraisal with an effective date and fair market value estimate matching the date you suffered the loss of your loved one. The ethical obligations stated within the Uniform Standards of Professional Appraisal Practice (USPAP) keeps our company to confidentiality, assuring the strongest degree of privacy for you and your loved ones.
Most people don't realize that the IRS requires reports filed to express 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. This sort of report will certainly demonstrate the evidence that the numbers expressed within the report are well-founded and accurate.
Having a professional appraisal report from Bruce W. Reyle Commercial and Residential Real Estate Appraisers & Consultants gives the executor definite facts and figures to work with in meeting IRS and Virginia state 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 refuted.
Opinions of value used in documents provided to the the IRS and Virginia state agencies definitely should be backed by an accurate report as to how the appraiser came to his conclusions.