Estate Settlement Appraisals in MN by Southern Minnesota Appraisal Services
The job of settling an estate, while stressful is very important. As an executor you have been entrusted to carry out the wishes of the departed as promptly and exactly as possible. You can count on us to act quickly and with as much respect to the feelings of everyone left behind.
Part of Southern Minnesota Appraisal Services's company goal is to create top-notch, ethical appraisals that lawyers can depend on. Often, the parties involved will have different expectations of how the appraisal process should work; however, our experience of the estate process definitely satisfy all parties involved. We produce appraisal reports that outdo the needs of the legal system and other groups.
Contact us as soon as possible to discuss your specialized estate appraisal requirements and how we can put our knowledge to work for you.
Settling an estate usually requires an appraisal to suggest fair market value for the home involved. We understand that in times like this, acquiring an appraisal is the furthest thought from your mind. Because of this, now and then there are times that the date of an appraisal report deviates from the date of your loss. Southern Minnesota Appraisal Services assures that our appraisers are familiar with the procedures and requirements needed by the IRS and MN revenue agencies to perform 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 ethics provision stated within the Uniform Standards of Professional Appraisal Practice (USPAP) binds our appraisers to confidentiality, ensuring the strongest degree of privacy for all parties involved.
Most people don't realize that the IRS needs reports filed to support the numbers involved in estate sales.
Opinions of value shown in documents filed with the revenue authorities absolutely should be supported by a detailed report as to how the appraiser came to his conclusions. In having a report supported by Southern Minnesota Appraisal Services's professional staff, you will have the peace of mind that the numbers provided in the report will certainly demonstrate to the IRS that the numbers used are accurate and correct.
An executor will be over-joyed by an appraisal report by Southern Minnesota Appraisal Services which will show him solid facts and figures to cooperate with any legal agency's requirements. It assures peace of mind to everyone concerned because we assure you that we will stand behind the report if it is ever refuted.
Opinions of value used in documents provided to the revenue authorities absolutely should be supported by a detailed report as to how the appraiser arrived at his conclusions.