Estate Settlement Appraisals in IL by Mannion Appraisals
The responsibility of settling an estate, while stressful is very important. As an executor you have been entrusted to carry out the wishes of the deceased as swiftly and respectfully as possible. You can count on us to act quickly and with as much respect to the feelings of everyone involved.
Part of Mannion Appraisals's mission statement is to produce top-notch, ethical appraisals that lawyers can depend on. Generally, all parties will have different suggestions of how the appraisal process should work; however, our knowledge of the estate process will, without a doubt, satisfy all parties involved. We compose appraisal reports that meet the obligations of the legal system and various groups.
Contact us immediately to discuss your specific estate appraisal requirements and how we can put our experience to work for you.
Commonly, settling an estate necessitates an extensive appraisal report to acquire fair market value for the property to the satisfaction of the parties involved. We know that in times like this, acquiring an appraisal is the furthest thought from your mind. Due to this, now and then the date of death differs from the time the appraisal is ordered. Our professional staff is comfortable with the practices and requirements obligatory to supply 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) conforms our staff to confidentiality, ensuring the highest degree of discretion for you and your family.
Many people do not understand that the IRS requires documents filed to explain the numbers involved in estate sales.
One of the most essential requirements in a report is an appraiser-backed opinion of value in an exhaustive reason as to how the appraiser came to his conclusion. Such a report will definitely demonstrate to the IRS that the numbers used are accurate and correct.
Mannion Appraisals guarantees an well-founded appraisal, which will provide an executor solid facts and figures that will meet IRS and revenue agency requirements. You need not be concerned over anything, because Mannion Appraisals will be there to back up our work if they are ever refuted.
An exhaustive report showing the appraiser's opinion of value is required to support the methods the appraiser used to come to his conclusions.