Estate Settlement Appraisals in MA by Race Appraisal Services, LLC
Settling an estate is often stressful, but a very important job. As an executor you have been entrusted to carry out the wishes of the deceased as promptly and with as much dignity as possible. You can count on us to act quickly and with as much understanding to the feelings of everyone left behind.
Attorneys and accountants depend on our understanding when calculating real estate values for estates, divorces, or other disputes requiring a worth being placed on real property. There are required needs for everyone; we cater to these needs and are used to to dealing with all parties involved. Because of our experience in working with the courts and different agencies, we compose reports that always transcend all expectations.
Contact us as soon as possible to discuss your individual estate appraisal demands and how we can put our business acumen to work for you.
Settling an estate generally depends on an appraisal to ascertain fair market value for the residential property affected. It's understandable that thinking about getting an appraisal is the farthest thought from your mind. So, there's a chance the time an appraisal is ordered will be different from the date of death. Race Appraisal Services, LLC assures that our staff are familiar with the procedures and requirements requested by the IRS and MA revenue agencies to produce a retroactive appraisal with an effective date and fair market value estimate matching the exact date you suffered the loss of your loved one. The ethical obligations listed within the Uniform Standards of Professional Appraisal Practice (USPAP) attunes our appraisers to confidentiality, ensuring the fullest degree of privacy for you and your loved ones.
Most people don't realize that the IRS needs information filed to support the numbers involved in estate sales.
One of the most important requirements in an appraisal report is an appraiser-supported opinion of value in an exhaustive explanation as to how the appraiser came to his conclusion. In having a report backed by Race Appraisal Services, LLC's professional appraisers, you will have the peace of mind that the numbers provided in the appraisal report will definitely demonstrate to the authorities that the numbers used are accurate and correct.
Having a professional appraisal report from Race Appraisal Services, LLC gives the executor definite facts and figures to work with in exceeding IRS and MA state agency requirements. It assures peace of mind to everyone concerned because we assure you that we will stand behind the appraisal if it is ever refuted.
Opinions of value shown in documents filed with the revenue authorities absolutely should be supported by a comprehensive report as to how the appraiser arrived at his conclusions.
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