Property Valuations for Estate Settlement by Orlin Bruss Appraisal Service, Inc.Estate settlement is often stressful, but a very important job. As an executor you have been entrusted to carry out the wishes of the deceased as swiftly and respectfully as possible. You can count on us to act quickly and with as much compassion to the feelings of everyone involved. Part of Orlin Bruss Appraisal Service, Inc.'s mission statement is to create top-notch, ethical appraisals that attorneys can rely on. Sometimes, the parties involved will have differing suggestions of how the appraisal process should work; however, our knowledge of the estate process will undoubtedly satisfy all parties involved. In our company, we are used to dealing with law offices in assembling appraisal reports that transcend their demands. Contact us promptly to discuss your specific estate appraisal essentials and how we can put our experience to work for you. Usually, settling an estate requires an detailed appraisal report to suggest fair market value for the house to the satisfaction of the parties involved. We empathize that in this time of loss, even thinking about an appraisal is the furthest thought from your mind. So, it's possible the date an appraisal is needed will deviate the date of death. Our staff is knowledgeable about the systems and requirements necessary to provide a retroactive appraisal with an effective date and fair market value estimate matching the exact date of death. The ethical requirements explained within the Uniform Standards of Professional Appraisal Practice (USPAP) keeps our staff to confidentiality, assuring the strongest degree of privacy for you and your loved ones. Most people don't realize that the IRS requires documents filed to support the numbers involved in estate sales. One of the most necessary requirements in an appraisal 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 clearly demonstrate to the IRS that the numbers used are accurate and correct. An executor will be satisfied by a report by Orlin Bruss Appraisal Service, Inc. which will give him solid facts and numbers to cooperate with revenue agencies' requirements. You need not stress over anything, because we will be there to support our reports if they are ever refuted. Opinions of value shown in documents provided to the the IRS and MN state agencies definitely should be backed by an accurate report as to how the appraiser arrived at his conclusions. |