Property Valuations for Estate Settlement by Wood AppraisalThe job of settling an estate, while stressful, is not to be taken lightly. It's up to you as an executor to carry out the wishes of a loved one as promptly and with as much dignity as possible. You can count on us to respond quickly and with as much understanding to the feelings of everyone in bereavement.Part of Wood Appraisal's focus is to offer top-notch, ethical appraisals that attorneys can depend on. There are required needs for everyone; we understand these requirements and are comfortable with working with all parties involved. We supply appraisal reports that outdo the needs of the legal system and different groups.
Generally, settling an estate requires a clear appraisal report to suggest market value for the home to the satisfaction of the parties involved. We know that in this time of loss, even thinking about an appraisal is the furthest thought from your mind. Because of this, often there are times that the effective date of an appraisal differs from the time of death. Wood Appraisal assures that we are familiar with the procedures and requirements needed by the federal and Texas revenue agencies to perform a retrospective appraisal with an effective date and market value estimate matching the date of death. The ethics provision stated within the Uniform Standards of Professional Appraisal Practice (USPAP) conforms our appraisers to confidentiality, certifying the fullest degree of discretion for you and your family. Most people don't realize that the IRS requires reports filed to express the numbers involved in estate sales. An exhaustive report showing the appraiser's opinion of value is required to back the methods the appraiser used to come to his conclusions. In having a report supported by Wood Appraisal's professional appraisers, you will have the understanding that the numbers provided in the appraisal report will clearly demonstrate to the IRS that the numbers used are well founded and substantiated. Having a professional appraisal report from Wood Appraisal gives the executor solid facts and figures to work with in meeting IRS and Texas state agency requirements. You need not be concerned over anything, because we will be there to stand by our appraisals if they are ever challenged. |
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