Appraisals for Estate Settlement by Mary Kay MoloneySettling an estate is often stressful, but a very important job. It's up to you as a trustee to carry out the wishes of the deceased as quickly and respectfully as possible. You can count on us to respond expeditiously and with as much empathy to the feelings of everyone involved.
Lawyers and accountants count on our understanding when calculating real property values for estates, divorces, or other disputes requiring a value being determined for real property. Sometimes, all parties will have differing requirements of how the appraisal process should work; however, our understanding of the estate process definitely satisfy all parties involved. Among our staff, we are accustomed to interacting with the courts in composing appraisal reports that meet their demands.
Settling an estate commonly depends on an appraisal to ascertain market value for the home involved. It's understandable that ordering an appraisal is the farthest thought from your mind. Because of this, now and then there will be times that the date of an appraisal differs from the date of your loss. Mary Kay Moloney assures that our staff is comfortable with the procedures and requirements requested by revenue services to supply a retrospective appraisal with an effective date and market value estimate matching the exact date of death. The ethical obligations stated within the Uniform Standards of Professional Appraisal Practice (USPAP) keeps our company to confidentiality, providing the strongest degree of privacy for you and your family.
All too often, people do not fully appreciate the demand to have a complete appraisal supplied in support of the figures shown in general documents filed with the IRS and Illinois state agencies.
Opinions of value displayed in documents filed with the IRS and Illinois agencies absolutely should be supported by an accurate report as to how the appraiser arrived at his conclusions. In having a report backed by Mary Kay Moloney's professional staff, you will have the peace of mind that the numbers displayed in the appraisal will clearly demonstrate to the Illinois agencies that the numbers used are accurate and substantiated.
Having a professional report from Mary Kay Moloney gives the executor solid facts and figures to work with in meeting IRS and Illinois state agency requirements. It assures peace of mind to everyone concerned because we will always be there to stand behind the appraisal if it is ever challenged.