Property Valuations for Estate Settlement by Covington AppraisalsSettling an estate is an important and sometimes stressful task. 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 understanding to the feelings of everyone in bereavement. Attorneys and accountants count on our ideals when calculating real estate values for estates, divorces, or other disputes requiring a worth being placed on real property. We are sympathetic to their needs and are accustomed to working with all parties involved. We furnish appraisal reports that out-strip the requirements of the courts and different groups. Contact us today to discuss your specialized estate appraisal requirements and how we can put our knowledge to work for you. Settling an estate usually depends on an appraisal to establish fair market value for the house in question. It's understandable that thinking about getting an appraisal is the farthest thought from your mind. Due to this, often the date of death differs from the date the appraisal is ordered. Our company is familiar with the procedures and requirements necessary to perform 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 requirements stated within the Uniform Standards of Professional Appraisal Practice (USPAP) attunes our appraisers to confidentiality, assuring the highest degree of privacy for you. The requirement of having an appraisal report when dealing with the IRS to prove income when filing documents is often unknown by most people. A comprehensive report showing the appraiser's opinion of value is necessary to back the methods the appraiser used to come to his conclusions. In having a report supported by Covington Appraisals's professional staff, you will have the peace of mind that the numbers provided in the appraisal will certainly demonstrate to the IRS that the numbers used are well founded and correct. Covington Appraisals guarantees an detailed report, which will provide an executor clear facts and numbers that will meet IRS and state agency requirements. You need not be concerned over anything, because Covington Appraisals will be there to stand by our appraisals if they are ever challenged. One of the most essential requirements in a report is an appraiser-supported opinion of value in a detailed explanation as to how the appraiser came to his conclusion. |