Property Valuations for Estate Settlement by Phillips Appraisal, Inc.

Estate settlement is an important and sometimes stressful job. As an executor you have been entrusted to carry out the wishes of the departed as promptly and exactly as possible. You can count on us to act quickly and with as much respect to the feelings of everyone left behind.

We've made it our company's goal in producing excellent appraisals that attorneys and accountants have come to depend on. There are specific needs for everyone; we comprehend these necessities and are acclimated to dealing with all parties involved. Among our staff, we are accustomed to dealing with law offices in composing reports that out-strip their demands.

Contact us today to discuss your exact estate appraisal specifications and how we can put our business acumen to work for you.

Commonly, settling an estate requires an irrefutable appraisal report to establish fair market value for the house to the satisfaction of the parties involved. We empathize that in this time of loss, acquiring an appraisal report is the furthest thought from your mind. So, we understand that the time an appraisal report is ordered will not match the date of death. Phillips Appraisal, Inc. assures that our staff are knowledgeable about the procedures and requirements needed by the IRS and IL revenue agencies to produce 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 requirements stated within the Uniform Standards of Professional Appraisal Practice (USPAP) keeps our appraisers to confidentiality, assuring the fullest degree of discretion for you and your loved ones.

People often forget that the IRS needs reports filed to show the numbers involved in estate sales.

One of the most necessary requirements in an appraisal is an appraiser-backed opinion of value in a comprehensive reason as to how the appraiser came to his conclusion. Such a report will clearly demonstrate to the IRS that the numbers used are well-founded and correct.

Phillips Appraisal, Inc. ensures an detailed report, which will give an executor definite facts and figures that will exceed IRS and state agency requirements. It assures peace of mind to everyone concerned because we will always be there to stand behind the appraisal report if it is ever challenged.

An exhaustive report showing the appraiser's opinion of value is necessary to support the methods the appraiser used to come to his conclusions.