Property Valuations for Estate Settlement by LHC Appraisals
The job of settling an estate, while stressful is very important. As an executor you have been entrusted to carry out the wishes of the departed as promptly and respectfully as possible. You can count on us to act quickly and with as much empathy to the feelings of everyone in bereavement.
We've made a name for ourselves in supplying the best appraisals that attorneys and accountants have come to depend on. There are required needs for everyone; we understand these necessities and are used to to working with all parties involved. In our company, we are used to working with law offices in composing appraisal reports that transcend their demands.
Contact us as soon as possible to discuss your specialized estate appraisal essentials and how we can put our knowledge to work for you.
Commonly, settling an estate necessitates an extensive appraisal report to ascertain fair market value for the property to the satisfaction of the parties involved. It's understandable that thinking about getting an appraisal is the farthest thought from your mind. Of course, you need to be there for your family first. LHC Appraisals assures that our staff are accustomed to the procedures and requirements needed by the IRS and TX revenue agencies to produce a retroactive appraisal with an effective date and fair market value estimate matching the date you suffered the loss of your loved one. The ethical requirements explained within the Uniform Standards of Professional Appraisal Practice (USPAP) attunes our company to confidentiality, assuring the highest degree of discretion for you and your loved ones.
Many people do not understand that the IRS needs reports filed to explain the numbers involved in estate sales.
One of the most important requirements in an appraisal is an appraiser-supported opinion of value in an exhaustive explanation as to how the appraiser came to his conclusion. Such a report will certainly demonstrate to the IRS that the numbers used are well-founded and correct.
An executor will be ecstatic by a report by LHC Appraisals which will show him undeniable facts and numbers to cooperate with the IRS and TX state agencies' requirements. It assures peace of mind to everyone concerned because we are there to stand behind the appraisal report if it is ever challenged.
An exhaustive report showing the appraiser's opinion of value is important to back the methods the appraiser used to come to his conclusions.
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