Estate Settlement Appraisals in California by McHugh Appraisal ServiceEstate settlement is an important and sometimes stressful job. As an executor, you have been entrusted to carry out the wishes of the departed as quickly and attentively as possible. You can count on us to respond expeditiously and with as much compassion to the feelings of everyone left behind.
Attorneys and accountants depend on our understanding when calculating real estate values for estates, divorces, or other disputes requiring a value being determined for real property. There are required needs for everyone; we realize these necessities and are used to working with all parties involved. In our company, we are used to working with the courts in supplying appraisal reports that meet their needs.
Generally, settling an estate requires a detailed appraisal report to acquire market value for the house to the satisfaction of the parties involved. It's understandable that thinking about an appraisal is the farthest thought from your mind. So, there's a chance the time an appraisal report is requested will be different from the date of death. McHugh Appraisal Service assures that our staff is familiar with the procedures and requirements requested by the federal and California revenue agencies to produce a retrospective appraisal with an effective date and market value estimate matching the exact date you suffered the loss of your loved one. The ethics provision explained within the Uniform Standards of Professional Appraisal Practice (USPAP) conforms our company to confidentiality, certifying the strongest degree of discretion for you and your family.
Many times, people do not fully realize the requirement to have a true appraisal prepared in support of the figures displayed in general documents filed with the IRS.
A comprehensive report showing the appraiser's opinion of value is necessary to support the methods the appraiser used to come to his conclusions. In having a report backed by McHugh Appraisal Service'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.
Having a professional report from McHugh Appraisal Service gives the executor definite facts and figures to work with in exceeding IRS and California state agency requirements. You need not worry over anything, because McHugh Appraisal Service will be there to stand by our appraisals if they are ever challenged.