Property Valuations for Estate Settlement by Michelle AbellSettling 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 quickly and respectfully as possible. You can count on Michelle Abell to respond quickly and with as much respect to the feelings of everyone left behind.
Part of Michelle Abell's company goal is to supply top-notch, ethical appraisals that lawyers can rely on. We realize their needs and are acclimated to helping with all parties involved. Because of our experience in dealing with attorneys and accountants and various agencies, we provide reports that definitely outdo all expectations.
Usually, settling an estate requires a detailed appraisal report to determine market value for the home to the satisfaction of the parties involved. It's understandable that thinking about an appraisal is the farthest thought from your mind. So, we understand that the time an appraisal is needed will differ the date of death. Our staff is accustomed to the systems and requirements needed to supply a retrospective appraisal with an effective date and market value estimate matching the exact date your loved one passed away. The ethical obligations stated within the Uniform Standards of Professional Appraisal Practice (USPAP) binds our company to confidentiality, ensuring the highest degree of privacy for you.
The requirement of needing an appraisal when dealing with the IRS to show income when filing documents is often overlooked by most people.
Opinions of value shown in documents provided to the IRS and Illinois agencies definitely should be supported by an accurate report as to how the appraiser acquired his conclusions. In having a report supported by Michelle Abell's professional staff, you will have the knowledge that the numbers shown in the appraisal report will clearly demonstrate to the IRS that the numbers used are accurate and substantiated.
Having a professional report from Michelle Abell gives the executor undeniable facts and figures to work with in meeting IRS and Illinois state agency requirements. You need not be concerned over anything, because we will be there to support our appraisals if they are ever challenged.