LHC Appraisals understands the special needs of estate executors
Estate settlement is often stressful, but a very important job. 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 respect to the feelings of everyone involved.
We've made a name for ourselves in providing the best appraisals that attorneys and accountants have come to depend on. There are specific needs for everyone; we cater to these necessities and are comfortable to dealing with all parties involved. In our company, we are used to dealing with the courts in providing reports that out-strip their requirements.
Contact us promptly to discuss your individual estate appraisal needs and how we can put our knowledge to work for you.
Settling an estate generally demands an appraisal to determine fair market value for the house involved. We understand that when you lose a loved one, acquiring an appraisal report is the furthest thought from your mind. So, we understand that the date an appraisal report is needed will not match the date of death. LHC Appraisals assures that we are comfortable with the procedures and requirements needed by revenue services to supply a retroactive appraisal with an effective date and fair market value estimate matching the date of death. The ethics provision listed within the Uniform Standards of Professional Appraisal Practice (USPAP) binds us to confidentiality, ensuring the highest degree of discretion for all parties involved.
Most people don't realize that the IRS needs information filed to support the numbers involved in estate sales.
One of the most essential requirements in an appraisal is an appraiser-supported opinion of value in a detailed explanation as to how the appraiser came to his conclusion. Such a report will definitely demonstrate to the IRS that the numbers used are well-founded and substantiated.
Having a professional report from LHC Appraisals gives the executor irrefutable facts and figures to work with in exceeding IRS and TX state agency requirements. It assures peace of mind to everyone concerned because we assure you that we will stand behind the appraisal if it is ever challenged.
Opinions of value shown in documents provided to the the IRS and TX state agencies absolutely should be backed by a detailed report as to how the appraiser acquired his conclusions.
Got a Question?
Do you have a question? We can help. Simply fill out the form below and we'll contact you with the answer, with no obligation to you. We guarantee your privacy.