McRae Appraisals LLC understands the special needs of estate executors
Estate settlement is often stressful, but a very important job. As an executor you have been entrusted to carry out the wishes of the deceased 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.
We've made a name for ourselves in supplying top-notch appraisals that lawyers and accountants have come to depend on. There are required needs for everyone; we are sympathetic to these needs and are familiar to working with all parties involved. We furnish appraisal reports that surpass the obligations of the courts and different agencies.
Contact us as soon as possible to discuss your unique estate appraisal demands and how we can put our knowledge to work for you.
Generally, settling an estate necessitates an extensive appraisal report to show fair 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. Because of this, often there will be times that the effective date of an appraisal report differs from the date of your loss. McRae Appraisals LLC assures that our staff are knowledgeable about the procedures and requirements requested by the IRS and IA revenue agencies to supply a retroactive appraisal with an effective date and fair market value estimate matching the date your loved one passed away. The ethics provision stated within the Uniform Standards of Professional Appraisal Practice (USPAP) conforms us to confidentiality, certifying the fullest degree of privacy for all parties involved.
The necessity of owning an appraisal report when dealing with the IRS to explain income when filing documents is often overlooked by most people.
One of the most important requirements in an appraisal report is an appraiser-backed 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 well-founded and correct.
Having a professional appraisal from McRae Appraisals LLC gives the executor undeniable facts and figures to work with in going beyond IRS and IA state agency requirements. It assures peace of mind to everyone concerned because we assure you that we will stand behind the report if it is ever refuted.
One of the most necessary requirements in an appraisal is an appraiser-supported opinion of value in a comprehensive reason as to how the appraiser came to his conclusion.