Appraisals for Estate Settlement by Connors Appraisals, Inc.
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 departed as promptly and with as much dignity as possible. You can count on us to act quickly and with as much respect to the feelings of everyone in bereavement.
We've made a name for ourselves in supplying excellent appraisals that attorneys and accountants have come to depend on. Sometimes, all parties will have different suggestions of how the appraisal process should work; however, our understanding of the estate process will undoubtedly satisfy all parties involved. We supply appraisal reports that meet the necessities of the courts and assorted groups.
Contact us immediately to discuss your personal estate appraisal requirements and how we can put our experience to work for you.
Settling an estate commonly demands an appraisal to ascertain fair market value for the estate involved. It's understandable that thinking about an appraisal is the farthest thought from your mind. Due to this, it is possible that the time of death differs from the date the appraisal is required. Connors Appraisals, Inc. assures that our staff are familiar with the procedures and requirements needed by revenue services 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, guaranteeing the highest degree of discretion for you and your family.
Most people don't realize that the IRS needs reports filed to support the numbers involved in estate sales.
One of the most essential requirements in an appraisal is an appraiser-backed opinion of value in a comprehensive explanation 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 substantiated.
Having a professional appraisal report from Connors Appraisals, Inc. gives the executor irrefutable facts and figures to work with in exceeding IRS and MD state agency requirements. There's no need to worry when getting a report from Connors Appraisals, Inc., because we will support it no matter what.
Opinions of value displayed in documents filed with the revenue authorities definitely should be backed by an accurate report as to how the appraiser came to his conclusions.