Property Valuations for Estate Settlement by W. Eric Howard & Associates
Estate settlement 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 us to act quickly and with as much empathy to the feelings of everyone left behind.
Part of W. Eric Howard & Associates's mission statement is to produce top-notch, ethical appraisals that attorneys can depend on. Often, everyone involved will have their own suggestions of how the appraisal process should work; however, our experience of the estate process will, without a doubt, satisfy all parties involved. We create appraisal reports that transcend the needs of the courts and different agencies.
Contact us immediately to discuss your individual estate appraisal essentials and how we can put our knowledge to work for you.
Generally, settling an estate requires an accurate appraisal report to suggest fair market value for the property to the satisfaction of the parties involved. It's understandable that ordering an appraisal is the farthest thought from your mind. Of course, you have to take care of your family first. W. Eric Howard & Associates assures that we are comfortable with the procedures and requirements needed by the IRS and MD revenue agencies to provide a retroactive appraisal with an effective date and fair market value estimate matching the date you suffered the loss of your loved one. The ethical obligations stated within the Uniform Standards of Professional Appraisal Practice (USPAP) keeps us to confidentiality, guaranteeing the highest degree of privacy for you.
Most of the time people do not fully fathom the necessity in having a detailed appraisal report supplied in support of the numbers displayed in general documents filed with revenue authorities.
One of the most important requirements in a report is an appraiser-supported opinion of value in a detailed explanation as to how the appraiser came to his conclusion. Such a report will certainly demonstrate to the IRS that the numbers used are well-founded and substantiated.
Having a professional appraisal from W. Eric Howard & Associates gives the executor definite facts and figures to work with in meeting IRS and MD state agency requirements. There's no need to worry when getting an appraisal from W. Eric Howard & Associates, because we will back it no matter what.
Opinions of value displayed in documents filed with the the IRS and MD state agencies absolutely should be supported by a detailed report as to how the appraiser arrived at his conclusions.