Estate Settlement Appraisals in IL by Phillips Appraisal, Inc.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 promptly and exactly as possible. You can count on us to act quickly and with as much empathy to the feelings of everyone left behind. Lawyers and accountants depend on our understanding when calculating real estate values for estates, divorces, or other disputes requiring a cost being placed on real property. Often, everyone involved will have their own expectations of how the appraisal process should work; however, our experience of the estate process will, without a doubt, satisfy all parties involved. In relation to our familiarity in working with attorneys and accountants and various agencies, we assemble appraisal reports that definitely meet all expectations. Contact us as soon as possible to discuss your unique estate appraisal demands and how we can put our experience to work for you. Generally, settling an estate necessitates an clear appraisal report to establish fair market value for the property to the satisfaction of the parties involved. We understand that in this time of loss, even thinking about an appraisal is the furthest thought from your mind. Due to this, there is a chance that the date of death differs from the date 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 you suffered the loss of your loved one. The ethical obligations explained within the Uniform Standards of Professional Appraisal Practice (USPAP) conforms us to confidentiality, certifying the highest degree of discretion for you and your loved ones. People often forget that the IRS requires reports filed to show the numbers involved in estate sales. Opinions of value used in documents filed with the the IRS and IL state agencies absolutely should be supported by an accurate report as to how the appraiser arrived at his conclusions. Such a report will certainly demonstrate to the authorities that the numbers used are well-founded and substantiated. Having a professional appraisal from Phillips Appraisal, Inc. gives the executor solid facts and figures to work with in going beyond IRS and IL state agency requirements. You need not worry over anything, because Phillips Appraisal, Inc. will be there to support our reports if they are ever refuted. An exhaustive report showing the appraiser's opinion of value is necessary to back the methods the appraiser used to come to his conclusions. |