Property Valuations for Estate Settlement by Spencer Appraisal Team

Settling an estate 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 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 depend on our ethics when calculating real property values for estates, divorces, or other disputes requiring a cost being placed on real property. There are required needs for everyone; we realize these necessities and are familiar to working with all parties involved. In our company, we are used to dealing with the courts in creating reports that out-strip their requirements.

Settling an estate generally depends on an appraisal to determine fair market value for the property involved. We empathize that when you lose a loved one, even thinking about an appraisal report is the furthest thought from your mind. Of course, it's imperative to be there for your loved ones first. Our professional staff is knowledgeable about the procedures and requirements needed 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 ethical obligations stated within the Uniform Standards of Professional Appraisal Practice (USPAP) conforms our appraisers to confidentiality, certifying the strongest degree of discretion for you and your family.

Many people do not understand that the IRS requires reports filed to show the numbers involved in estate sales.

One of the most important requirements in a report is an appraiser-supported opinion of value in a comprehensive reason as to how the appraiser came to his conclusion. Such a report will definitely demonstrate to the authorities that the numbers used are well-founded and substantiated.

An executor will be over-joyed by an appraisal report by Spencer Appraisal Team which will show him undeniable facts and figures to cooperate with revenue agencies' requirements. You need not worry over anything, because we will be there to stand by our work if they are ever challenged.

An exhaustive report showing the appraiser's opinion of value is required to back the methods the appraiser used to come to his conclusions.