Appraisals for Estate Settlement by Benjamin Yau Appraisal Services

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

Lawyers and accountants count on our understanding when calculating real estate values for estates, divorces, or other disputes requiring a cost being placed on real property. We comprehend their needs and are acclimated to working with all parties involved. Among our staff, we are used to working with legal agencies in composing reports that transcend their needs.

Settling an estate usually demands an appraisal to show fair market value for the house affected. It's understandable that thinking about getting an appraisal is the farthest thought from your mind. Due to this, there is a chance that the date of death differs from the date the appraisal is needed. Our professional staff is comfortable with the practices and requirements needed to produce 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 obligations listed within the Uniform Standards of Professional Appraisal Practice (USPAP) conforms our appraisers to confidentiality, guaranteeing the highest degree of discretion for all parties involved.

Many people do not understand that the IRS requires information filed to show the numbers involved in estate sales.

One of the most essential requirements in an appraisal report is an appraiser-supported opinion of value in a detailed explanation as to how the appraiser came to his conclusion. Such a report will certainly demonstrate to the authorities that the numbers used are well-founded and substantiated.

Benjamin Yau Appraisal Services ensures an accurate report, which will provide an executor accurate facts and numbers that will exceed IRS and revenue agency requirements. You need not stress over anything, because Benjamin Yau Appraisal Services will be there to stand by our appraisals if they are ever refuted.

Opinions of value displayed in documents provided to the revenue authorities definitely should be backed by a detailed report as to how the appraiser arrived at his conclusions.