Property Valuations for Estate Settlement by Young Appraisal Company, Inc.
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 respectfully as possible. You can count on us to act quickly and with as much empathy to the feelings of everyone left behind.
Part of Young Appraisal Company, Inc.'s company goal is to produce top-notch, ethical appraisals that attorneys can depend on. Often, all parties will have different suggestions of how the appraisal process should work; however, our experience of the estate process definitely satisfy all parties involved. In relation to our familiarity in dealing with attorneys and accountants and various agencies, we provide appraisals that always transcend all expectations.
Contact us today to discuss your specialized estate appraisal needs and how we can put our business acumen to work for you.
Settling an estate commonly depends on an appraisal to ascertain fair market value for the residential property in question. We know that in times like this, acquiring an appraisal is the furthest thought from your mind. Because of this, now and then there can be times that the date of an appraisal differs from the date of your loss. Young Appraisal Company, Inc. assures that our staff are knowledgeable about the procedures and requirements requested by the IRS and TX revenue agencies to provide 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 listed within the Uniform Standards of Professional Appraisal Practice (USPAP) binds our staff to confidentiality, ensuring the fullest degree of discretion for all parties involved.
The requirement of needing a real estate appraisal when dealing with government agencies to show income when filing documents is often misunderstood by most people.
One of the most necessary requirements in an appraisal is an appraiser-supported opinion of value in a comprehensive explanation as to how the appraiser came to his conclusion. Such a report will certainly demonstrate to the IRS that the numbers used are accurate and correct.
Having a professional report from Young Appraisal Company, Inc. gives the executor irrefutable facts and figures to work with in exceeding IRS and TX state agency requirements. You need not worry over anything, because we will be there to support 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.