Property Valuations for Estate Settlement by Gen 7Estate settlement is an important and sometimes stressful task. As an executor you have been entrusted to carry out the wishes of the deceased as quickly and with as much dignity as possible. You can count on us to act quickly and with as much respect to the feelings of everyone involved. We've shown that we're experts in supplying the best appraisals that attorneys and accountants have come to depend on. There are specific needs for everyone; we understand these needs and are used to to dealing with all parties involved. We furnish appraisal reports that out-strip the requirements of the legal system and various agencies. Contact us immediately to discuss your personal estate appraisal specifications and how we can put our experience to work for you. Settling an estate commonly depends on an appraisal to ascertain fair market value for the property involved. It's understandable that ordering an appraisal is the farthest thought from your mind. Of course, you need to be there for your loved ones first. Gen 7 assures that we are comfortable with the procedures and requirements needed by the IRS and WA revenue agencies to supply a retroactive appraisal with an effective date and fair market value estimate matching the exact date you suffered the loss of your loved one. The ethics provision listed within the Uniform Standards of Professional Appraisal Practice (USPAP) binds us to confidentiality, providing the highest degree of discretion for all parties involved. Many people do not understand that the IRS requires information filed to explain the numbers involved in estate sales. Opinions of value shown in documents provided to the revenue authorities absolutely should be supported by an exhaustive report as to how the appraiser acquired his conclusions. Such a report will certainly demonstrate to the IRS that the numbers used are well-founded and correct. Gen 7 ensures an detailed appraisal report, which will provide an executor clear facts and numbers that will exceed IRS and state agency requirements. You need not worry over anything, because Gen 7 will be there to back up our reports if they are ever challenged. An exhaustive report showing the appraiser's opinion of value is necessary to back the methods the appraiser used to come to his conclusions. |