Property Valuations for Estate Settlement by Lance Appraisal Services

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

Lawyers and accountants count on our conduct when calculating real property values for estates, divorces, or other disputes requiring a worth being placed on real property. Sometimes, all parties will have different requirements of how the appraisal process should work; however, our knowledge of the estate process definitely satisfy all parties involved. In our company, we are used to interacting with the courts in providing reports that transcend their needs.

Settling an estate usually demands an appraisal to suggest fair market value for the residential property in question. It's understandable that ordering an appraisal is the farthest thought from your mind. So, we understand that the time an appraisal report is needed will be different from the date of death. Lance Appraisal Services assures that our staff are familiar with 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 of death. The ethical obligations explained within the Uniform Standards of Professional Appraisal Practice (USPAP) binds our staff to confidentiality, certifying the fullest degree of privacy for all parties involved.

The necessity of having an appraisal report when cooperating with revenue services to explain income when filing documents is often misunderstood by most people.

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

An executor will be satisfied by an appraisal report by Lance Appraisal Services which will provide him undeniable facts and numbers to deal with the IRS and MA state agencies' requirements. There's no need to be concerned when getting an appraisal from us, because we will stand by it no matter what.

Opinions of value displayed in documents provided to the the IRS and MA state agencies definitely should be backed by an accurate report as to how the appraiser arrived at his conclusions.