Appraisals for Estate Settlement by Tim Spaulding & AssociatesEstate settlement is often stressful, but a very important job. It's up to you as a trustee to carry out the wishes of the departed as swiftly and respectfully as possible. You can count on us to act quickly and with as much empathy to the feelings of everyone left behind.Lawyers and accountants count on our ideals when calculating real property values for estates, divorces, or other disputes requiring a value being determined for real property. There are specific needs for everyone; we comprehend these needs and are familiar with dealing with all parties involved. In relation to our experience in working with attorneys and accountants and various agencies, we construct appraisals that always outdo all expectations.
Settling an estate generally requires an appraisal to determine market value for the house in question. We empathize that when you lose a loved one, acquiring an appraisal report is the furthest thought from your mind. Because of this, often there are times that the effective date of an appraisal deviates from the time of death. Tim Spaulding & Associates assures that we are familiar with the procedures and requirements needed by the federal and Virginia revenue agencies to produce a retrospective appraisal with an effective date and market value estimate matching the date of death. The ethical requirements stated within the Uniform Standards of Professional Appraisal Practice (USPAP) keeps our company to confidentiality, providing the strongest degree of discretion for you and your family. Most people don't realize that the IRS requires documents filed to explain the numbers involved in estate sales. One of the most essential requirements in a report is an appraiser-supported opinion of value in a detailed explanation as to how the appraiser came to his conclusion. This level of documentation will definitely demonstrate your claim that the values expressed are well-founded and accurate. Having a professional appraisal from Tim Spaulding & Associates gives the executor undeniable facts and figures to work with in exceeding IRS and Virginia state agency requirements. There's no need to have anything but peace of mind when getting a report from us, because we will back it no matter what. |