Option One Appraisal Services understands the special needs of estate executorsSettling an estate is often stressful, but a very important job. As a trustee, you've been given the authority to carry out the wishes of the deceased as swiftly and attentively as possible. You can count on us to respond quickly and with as much empathy to the feelings of everyone left behind.
Lawyers and accountants depend on our understanding when calculating real property values for estates, divorces, or other disputes requiring a value being determined for real property. Often, all parties will have different expectations of how the appraisal process should work; however, our understanding of the estate process will, without a doubt, satisfy all parties involved. Because of our familiarity in dealing with the legal system and various agencies, we compose appraisals that definitely exceed all expectations.
Settling an estate usually demands an appraisal to establish market value for the house therein. We sympathize that when you lose a loved one, even thinking about an appraisal report is the furthest thought from your mind. Because of this, now and then there are times that the effective date of an appraisal report deviates from the date of your loss. We are comfortable with the practices and requirements needed to supply a retrospective appraisal with an effective date and market value estimate matching the exact date your loved one passed away. The ethical obligations listed within the Uniform Standards of Professional Appraisal Practice (USPAP) keeps our staff to confidentiality, certifying the fullest degree of discretion for all parties involved.
All too often, people do not fully realize the requirement to have a complete appraisal report prepared in support of the figures displayed in general documents filed with the IRS.
One of the most important requirements in a report is an appraiser-supported opinion of value in a comprehensive reason 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 correct.
Having a professional appraisal from Option One Appraisal Services gives the executor undeniable facts and figures to work with in meeting IRS and California 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 refuted.