ESTATE APPRAISAL REPORTS

Settling an estate is an important and sometimes stressful job.  As an executor, or personal representative, you have been entrusted to carry out the wishes of the deceased as swiftly and exactly as possible.  You can count on us to act quickly and with sensitivity to the feelings of everyone involved.

Attorneys and Accountants rely on our value opinions when calculating real property values for estates, divorces, or other disputes requiring a value being placed on real property.  We understand their needs and are used to dealing with all parties involved.  We provide appraisal reports that meet the requirements of the courts and various agencies.

Settling an estate usually requires an appraisal to establish Fair Market Value for the residential property involved.  Often, the date of death differs from the date the appraisal is requested.  We are familiar with the procedures and requirements necessary to perform a retroactive appraisal with an effective date and Fair Market Value estimate matching the date of death.  The ethics provision within the Uniform Standards of Professional Appraisal Practice (USPAP) binds us with confidentiality, ensuring the fullest degree of discretion.

All too often, people do not fully appreciate the need to have a detailed real estate appraisal prepared in support of the numbers being used in documents filed with revenue authorities.

Opinions of value used in documents filed with the revenue authorities should be supported by a detailed appraisal report as to how the Certified, Licensed Appraiser arrived at his or her conclusions.  Such an appraisal report will certainly demonstrate to the authorities that the numbers used are well founded and substantiated within the local real estate marketplace.

Having a professional appraisal report gives the executor solid facts and figures to work with in meeting IRS and state agency requirements.  It assures peace of mind to everyone concerned because we are there to stand behind the appraisal report if it is challenged.

Albert Marshall Cheney, Cheney Appraisal Services, Mobile, Alabama, is ready to assist you with all your estate appraisal report requirements!  Call (251) 533-2424 today!