Delaware Home Valuations understands the special needs of estate executors
The task of settling an estate, often a source of stress is very important. As an executor you have been entrusted to carry out the wishes of the departed as swiftly and with as much dignity as possible. You can count on us to act quickly and with as much respect to the feelings of everyone involved.
Lawyers and accountants depend on our conduct when calculating real property values for estates, divorces, or other disputes requiring a worth being placed on real property. Often, the parties involved will have differing requirements of how the appraisal process should work; however, our understanding of the estate process will undoubtedly satisfy all parties involved. We compose appraisal reports that meet the obligations of the legal system and assorted groups.
Contact us promptly to discuss your specific estate appraisal specifications and how we can put our experience to work for you.
Settling an estate generally requires an appraisal to show fair market value for the residential property therein. It's understandable that ordering an appraisal is the farthest thought from your mind. So, we understand that the date an appraisal report is needed will not match the date of death. Our staff is knowledgeable about the systems and requirements obligatory to produce a retroactive appraisal with an effective date and fair market value estimate matching the exact date of death. The ethical requirements stated within the Uniform Standards of Professional Appraisal Practice (USPAP) keeps our company to confidentiality, ensuring the fullest degree of privacy for all parties involved.
Most of the time people do not fully understand the need to have an exhaustive appraisal report supplied in support of the numbers shown in general documents filed with the IRS.
An accurate report showing the appraiser's opinion of value is necessary to support the methods the appraiser used to come to his conclusions. In having a report backed by Delaware Home Valuations's expert staff, you will have the knowledge that the numbers displayed in the report will clearly demonstrate to the IRS that the numbers used are accurate and correct.
Having a professional appraisal from Delaware Home Valuations gives the executor undeniable facts and figures to work with in meeting IRS and DE state agency requirements. You need not be concerned over anything, because we will be there to stand by our work if they are ever refuted.
One of the most significant 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.