Property Valuations for Estate Settlement by Jonathan Burke & AssociatesSettling an estate is an important and sometimes stressful task. As a trustee, you've been given the authority to carry out the wishes of the deceased as quickly and with as much dignity as possible. You can count on us to respond expeditiously and with as much respect to the feelings of everyone left behind.Lawyers and accountants rely on our ethics when calculating real estate values for estates, divorces, or other disputes requiring a value being placed on real property. Sometimes, everyone involved will have their own suggestions of how the appraisal process should work; however, our knowledge of the estate process definitely satisfy all parties involved. Among our staff, we are accustomed to dealing with legal agencies in composing appraisal reports that out-strip their requirements.
Settling an estate usually depends on an appraisal to suggest market value for the home therein. We understand that when you lose a loved one, acquiring an appraisal report is the furthest thought from your mind. So, there's a chance the date an appraisal report is ordered will not match the date of death. Jonathan Burke & Associates assures that our staff is knowledgeable about the procedures and requirements needed by revenue services to perform a retrospective appraisal with an effective date and market value estimate matching the date your loved one passed away. The ethics provision listed within the Uniform Standards of Professional Appraisal Practice (USPAP) keeps us to confidentiality, assuring the fullest degree of privacy for all parties involved. People often forget that the IRS requires information filed to show the numbers involved in estate sales. One of the most significant requirements in an appraisal report is an appraiser-supported opinion of value in an exhaustive explanation 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 substantiated. An executor will be overjoyed by an appraisal by Jonathan Burke & Associates which will give him irrefutable facts and numbers to cooperate with the IRS and Missouri state agencies' requirements. You need not worry over anything, because we will be there to back up our work if they are ever challenged. |
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