JTH Appraisals knows the special needs of estate executors
The job 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 quickly and with as much dignity as possible. You can count on us to act quickly and with as much compassion to the feelings of everyone left behind.
Attorneys and accountants depend on our ideals when calculating real property values for estates, divorces, or other disputes requiring a cost being placed on real property. We are sympathetic to their needs and are accustomed to dealing with all parties involved. Among our staff, we are used to interacting with legal agencies in providing appraisals that transcend their necessities.
Contact us promptly to discuss your exact estate appraisal demands and how we can put our experience to work for you.
Generally, settling an estate necessitates an accurate appraisal report to determine fair market value for the property to the satisfaction of the parties involved. We understand that in times like this, ordering an appraisal is the furthest thought from your mind. Of course, it's expected that you need to comfort your family first. JTH Appraisals assures that we are comfortable with the procedures and requirements requested by the IRS and CA revenue agencies to perform a retroactive appraisal with an effective date and fair market value estimate matching the date your loved one passed away. The ethical requirements explained within the Uniform Standards of Professional Appraisal Practice (USPAP) keeps us to confidentiality, providing the highest degree of discretion for you.
Most people don't realize that the IRS requires reports filed to explain the numbers involved in estate sales.
One of the most essential requirements in an appraisal is an appraiser-supported opinion of value in an exhaustive reason as to how the appraiser came to his conclusion. Such a report will certainly demonstrate to the authorities that the numbers used are accurate and substantiated.
JTH Appraisals guarantees an detailed report, which will provide an executor definite facts and figures that will exceed IRS and revenue agency requirements. You need not worry over anything, because JTH Appraisals will be there to back up our reports if they are ever refuted.
Opinions of value displayed in documents provided to the the IRS and CA state agencies absolutely should be supported by a detailed report as to how the appraiser acquired his conclusions.