Appraisals for Estate Settlement by Killo Appraisal Services, LLC
The job 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 promptly and respectfully as possible. You can count on us to act quickly and with as much sensitivity to the feelings of everyone left behind.
Attorneys and accountants rely on our ethics when calculating real estate values for estates, divorces, or other disputes requiring a worth being placed on real property. Often, the parties involved will have their own expectations of how the appraisal process should work; however, our experience of the estate process definitely satisfy all parties involved. Among our staff, we are used to interacting with the courts in assembling appraisal reports that meet their necessities.
Contact us immediately to discuss your precise estate appraisal needs and how we can put our experience to work for you.
Settling an estate generally requires an appraisal to determine fair market value for the house therein. It's understandable that thinking about an appraisal is the farthest thought from your mind. Of course, you need to take care of your family first. Killo Appraisal Services, LLC assures that we are knowledgeable about the procedures and requirements needed by the IRS and TX revenue agencies to supply a retroactive appraisal with an effective date and fair market value estimate matching the date of death. The ethics provision explained within the Uniform Standards of Professional Appraisal Practice (USPAP) keeps our appraisers to confidentiality, certifying the highest degree of discretion for you.
Many people do not understand that the IRS requires reports filed to express the numbers involved in estate sales.
One of the most necessary requirements in an appraisal is an appraiser-supported opinion of value in a comprehensive reason as to how the appraiser came to his conclusion. Such a report will certainly demonstrate to the TX agencies that the numbers used are well-founded and substantiated.
An executor will be over-joyed by an appraisal report by Killo Appraisal Services, LLC which will provide him irrefutable facts and numbers to work with the IRS and TX state agencies' requirements. You need not be concerned over anything, because we will be there to back up our appraisals if they are ever refuted.
Opinions of value displayed in documents provided to the the IRS and TX state agencies definitely should be backed by a detailed report as to how the appraiser arrived at his conclusions.