Appraisals for Estate Settlement by MJP Appraisal Group

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 swiftly and exactly as possible. You can count on us to act quickly and with as much understanding to the feelings of everyone in bereavement.

Lawyers and accountants rely on our ethics when calculating real estate values for estates, divorces, or other disputes requiring a value being placed on real property. Usually, everyone involved will have their own expectations of how the appraisal process should work; however, our understanding of the estate process definitely satisfy all parties involved. We create appraisal reports that outdo the obligations of the courts and other agencies.

Commonly, settling an estate necessitates an irrefutable appraisal report to show 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. Due to this, there is a chance that the date of death differs from the date the appraisal is needed. We are accustomed to the systems and requirements needed to produce a retroactive appraisal with an effective date and fair market value estimate matching the exact date of death. The ethics provision explained within the Uniform Standards of Professional Appraisal Practice (USPAP) attunes our company to confidentiality, ensuring the strongest degree of privacy for you and your loved ones.

Many times, people do not fully realize the demand to have a complete appraisal supplied in support of the numbers being used in tax documents filed with revenue authorities.

Opinions of value displayed in documents provided to the the IRS and TX state agencies definitely should be supported by a detailed report as to how the appraiser arrived at his conclusions. Such a report will definitely demonstrate to the IRS that the numbers used are well-founded and substantiated.

Having a professional appraisal from MJP Appraisal Group gives the executor undeniable facts and figures to work with in exceeding IRS and TX state agency requirements. You need not stress over anything, because we will be there to back up our reports if they are ever refuted.

One of the most important requirements in an appraisal report is an appraiser-supported opinion of value in a detailed explanation as to how the appraiser came to his conclusion.