Property Valuations for Estate Settlement by Valuation Group VT
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 compassion to the feelings of everyone involved.
Part of Valuation Group VT's focus is to provide top-notch, ethical appraisals that lawyers can rely on. Sometimes, the parties involved will have their own requirements of how the appraisal process should work; however, our experience of the estate process will undoubtedly satisfy all parties involved. We write appraisal reports that transcend the obligations of the legal system and different agencies.
Contact us promptly to discuss your explicit estate appraisal requirements and how we can put our experience to work for you.
Usually, settling an estate requires an clear appraisal report to ascertain fair market value for the house to the satisfaction of the parties involved. It's understandable that ordering getting an appraisal is the farthest thought from your mind. So, it's possible the date an appraisal is requested will not match the date of death. Our staff is comfortable with the procedures and requirements obligatory to provide a retroactive appraisal with an effective date and fair market value estimate matching the date your loved one passed away. The ethical requirements explained within the Uniform Standards of Professional Appraisal Practice (USPAP) attunes our staff to confidentiality, assuring the strongest degree of privacy for you and your family.
Most people don't realize that the IRS needs reports filed to express the numbers involved in estate sales.
One of the most essential requirements in an appraisal is an appraiser-supported opinion of value in a comprehensive explanation as to how the appraiser came to his conclusion. In having a report backed by Valuation Group VT's professional appraisers, you will have the understanding that the numbers displayed in the report will definitely demonstrate to the authorities that the numbers used are accurate and correct.
Having a professional appraisal report from Valuation Group VT gives the executor definite facts and figures to work with in meeting IRS and VT state agency requirements. There's no need to be concerned when getting a report from Valuation Group VT, because we will stand by it no matter what.
An accurate report showing the appraiser's opinion of value is necessary to back the methods the appraiser used to come to his conclusions.