Appraisals for Estate Settlement by Legacy Appraisal Services

Settling 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 exactly as possible. You can count on us to act quickly and with as much compassion to the feelings of everyone involved.

Part of Legacy Appraisal Services's drive is to create top-notch, ethical appraisals that lawyers can depend on. We understand their needs and are used to working with all parties involved. Among our staff, we are used to working with the courts in producing appraisals that meet their demands.

Commonly, settling an estate requires an irrefutable appraisal report to establish fair market value for the home to the satisfaction of the parties involved. It's understandable that ordering an appraisal is the farthest thought from your mind. So, it's possible the time an appraisal report is requested will be different from the date of death. Legacy Appraisal Services assures that our staff are knowledgeable about the procedures and requirements needed by revenue services to produce 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) attunes our company to confidentiality, providing the highest degree of discretion for all parties involved.

People often forget that the IRS needs information filed to express the numbers involved in estate sales.

Opinions of value shown in documents provided to the the IRS and MI state agencies absolutely should be backed by an accurate report as to how the appraiser acquired his conclusions. A report of this caliber will clearly demonstrate the evidence that the numbers expressed within the report are well-founded and accurate.

Having a professional appraisal report from Legacy Appraisal Services gives the executor definite facts and figures to work with in exceeding IRS and MI state agency requirements. It assures peace of mind to everyone concerned because we assure you that we will stand behind the appraisal if it is ever refuted.

A comprehensive report showing the appraiser's opinion of value is necessary to support the methods the appraiser used to come to his conclusions.