Appraisals for Estate Settlement by PSM Appraisals, LLC
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 deceased as quickly and exactly as possible. You can count on us to act quickly and with as much sensitivity to the feelings of everyone left behind.
Part of PSM Appraisals, LLC's drive is to create top-notch, ethical appraisals that lawyers can depend on. We cater to their needs and are accustomed to helping with all parties involved. Among our staff, we are accustomed to working with legal agencies in assembling appraisal reports that transcend their demands.
Contact us as soon as possible to discuss your unique estate appraisal specifications and how we can put our knowledge to work for you.
Generally, settling an estate requires an accurate appraisal report to ascertain fair market value for the house to the satisfaction of the parties involved. It's understandable that ordering getting an appraisal is the farthest thought from your mind. Due to this, sometimes the date of death differs from the date the appraisal is requested. PSM Appraisals, LLC assures that we are comfortable with the procedures and requirements needed by revenue services to supply a retroactive appraisal with an effective date and fair market value estimate matching the exact date your loved one passed away. The ethical obligations explained within the Uniform Standards of Professional Appraisal Practice (USPAP) binds our staff to confidentiality, providing the strongest degree of discretion for you and your family.
Many people do not understand that the IRS needs information filed to show the numbers involved in estate sales.
Opinions of value used in documents provided to the the IRS and NY state agencies definitely should be supported by a comprehensive report as to how the appraiser arrived at his conclusions. Such a report will definitely demonstrate to the authorities that the numbers used are accurate and substantiated.
An executor will be ecstatic by an appraisal report by PSM Appraisals, LLC which will show him solid facts and figures to work with revenue agencies' requirements. It assures peace of mind to everyone concerned because we are there to stand behind the appraisal if it is ever challenged.
One of the most important requirements in an appraisal report is an appraiser-backed opinion of value in a comprehensive explanation as to how the appraiser came to his conclusion.