Appraisals for Estate Settlement by Cosh Property Appraisals
Settling an estate 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 empathy to the feelings of everyone in bereavement.
Attorneys and accountants rely on our understanding when calculating real property values for estates, divorces, or other disputes requiring a cost being placed on real property. Generally, everyone involved will have their own ideas of how the appraisal process should work; however, our understanding of the estate process will, without a doubt, satisfy all parties involved. In our company, we are accustomed to interacting with legal agencies in creating appraisal reports that exceed their requirements.
Contact us as soon as possible to discuss your unique estate appraisal specifications and how we can put our experience to work for you.
Settling an estate generally requires an appraisal to acquire fair market value for the residential property affected. We empathize that when you lose a loved one, ordering an appraisal is the furthest thought from your mind. Of course, it's expected that you need to take care of your family first. Cosh Property Appraisals assures that our appraisers are accustomed to the procedures and requirements requested by the IRS and BC revenue agencies to produce a retroactive appraisal with an effective date and fair market value estimate matching the date your loved one passed away. The ethical obligations listed within the Uniform Standards of Professional Appraisal Practice (USPAP) binds us to confidentiality, providing the fullest degree of privacy for you and your loved ones.
Many people do not understand that the IRS needs documents filed to explain the numbers involved in estate sales.
One of the most significant requirements in an appraisal report is an appraiser-backed opinion of value in a detailed 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 correct.
Cosh Property Appraisals guarantees an well-founded report, which will provide an executor accurate facts and numbers that will meet IRS and revenue agency requirements. There's no need to worry when getting a report from Cosh Property Appraisals, because we will stand by it no matter what.
An accurate report showing the appraiser's opinion of value is necessary to support the methods the appraiser used to come to his conclusions.