Appraisals for Estate Settlement by True Footage

The task of settling an estate, while stressful is very important. As an executor you have been entrusted to carry out the wishes of the departed as promptly and with as much dignity as possible. You can count on us to act quickly and with as much understanding to the feelings of everyone involved.

Part of True Footage's drive is to create top-notch, ethical appraisals that lawyers can rely on. Usually, everyone involved will have differing requirements of how the appraisal process should work; however, our experience of the estate process definitely satisfy all parties involved. We create appraisal reports that meet the needs of the legal system and various groups.

Settling an estate generally depends on an appraisal to show fair market value for the home in question. We know that when you lose a loved one, acquiring an appraisal report is the furthest thought from your mind. So, it's possible the time an appraisal is needed will not match the date of death. Our professional staff is accustomed to the systems and requirements obligatory to provide a retroactive appraisal with an effective date and fair market value estimate matching the exact date of death. The ethical requirements explained within the Uniform Standards of Professional Appraisal Practice (USPAP) conforms our staff to confidentiality, guaranteeing the strongest degree of privacy for you and your loved ones.

Many people do not understand that the IRS requires information filed to show the numbers involved in estate sales.

An exhaustive report showing the appraiser's opinion of value is necessary to support the methods the appraiser used to come to his conclusions. Such a report will certainly demonstrate to the IRS that the numbers used are well-founded and substantiated.

Having a professional appraisal report from True Footage gives the executor undeniable facts and figures to work with in meeting IRS and IL state agency requirements. You need not worry over anything, because we will be there to back up our reports if they are ever refuted.

Opinions of value displayed in documents filed with the revenue authorities definitely should be backed by an exhaustive report as to how the appraiser came to his conclusions.