![]() Estate Settlement Appraisals in MI by Frank LovascoEstate settlement is often stressful, but a very important job. 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 empathy to the feelings of everyone left behind. Lawyers and accountants count on our ethics when calculating real estate values for estates, divorces, or other disputes requiring a value being placed on real property. Usually, everyone involved will have different expectations of how the appraisal process should work; however, our understanding of the estate process definitely satisfy all parties involved. In relation to our familiarity in dealing with attorneys and accountants and various agencies, we assemble appraisal reports that always meet all expectations. Contact us promptly to discuss your individual estate appraisal requirements and how we can put our experience to work for you. Usually, settling an estate requires an detailed appraisal report to show fair market value for the house to the satisfaction of the parties involved. We know that in times like this, even thinking about an appraisal is the furthest thought from your mind. So, it's possible the date an appraisal is needed will not match the date of death. Frank Lovasco assures that we are comfortable with the procedures and requirements requested by revenue services to produce a retroactive appraisal with an effective date and fair market value estimate matching the date you suffered the loss of your loved one. The ethical requirements explained within the Uniform Standards of Professional Appraisal Practice (USPAP) binds our company to confidentiality, providing the strongest degree of discretion for all parties involved. Many people do not understand that the IRS requires documents filed to support the numbers involved in estate sales. One of the most important requirements in a report is an appraiser-backed opinion of value in a comprehensive explanation as to how the appraiser came to his conclusion. In having a report backed by Frank Lovasco's expert appraisers, you will have the knowledge that the numbers displayed in the appraisal report will clearly demonstrate to the IRS that the numbers used are accurate and correct. Frank Lovasco guarantees an well-founded appraisal report, which will give an executor definite facts and numbers that will exceed IRS and state agency requirements. There's no need to be stressed out when getting a report from us, because we will support it no matter what. One of the most significant requirements in a report is an appraiser-supported opinion of value in an exhaustive explanation as to how the appraiser came to his conclusion. |