Academy Appraisal, Inc. understands the special needs of estate executors
The task of settling an estate, often a source of stress is very important. As an executor you have been entrusted to carry out the wishes of the deceased as promptly and exactly as possible. You can count on us to act quickly and with as much sympathy to the feelings of everyone in bereavement.
Part of Academy Appraisal, Inc.'s drive is to offer top-notch, ethical appraisals that attorneys can depend on. There are specific needs for everyone; we comprehend these necessities and are comfortable to working with all parties involved. Among our staff, we are used to dealing with legal agencies in assembling appraisals that transcend their needs.
Contact us promptly to discuss your precise estate appraisal requirements and how we can put our business acumen to work for you.
Settling an estate usually demands an appraisal to establish fair market value for the house in question. We understand that in this time of loss, even thinking about an appraisal report is the furthest thought from your mind. So, there's a chance the time an appraisal report is ordered will differ the date of death. Academy Appraisal, Inc. assures that we are accustomed to the procedures and requirements requested by the IRS and PA revenue agencies to perform a retroactive appraisal with an effective date and fair market value estimate matching the date of death. The ethical obligations listed within the Uniform Standards of Professional Appraisal Practice (USPAP) conforms our appraisers to confidentiality, guaranteeing the highest degree of privacy for you and your loved ones.
People often forget that the IRS requires documents filed to explain the numbers involved in estate sales.
Opinions of value used in documents filed with the revenue authorities definitely should be supported by an exhaustive report as to how the appraiser arrived at his conclusions. Such a report will definitely demonstrate to the authorities that the numbers used are well-founded and substantiated.
Academy Appraisal, Inc. ensures an well-founded appraisal report, which will give an executor clear facts and figures that will meet IRS and state agency requirements. You need not be concerned over anything, because we will be there to support our reports if they are ever challenged.
An accurate report showing the appraiser's opinion of value is required to support the methods the appraiser used to come to his conclusions.