Floyd Appraisal Works understands the special needs of estate executors
The responsibility of settling an estate, while stressful is very important. As an executor you have been entrusted to carry out the wishes of the deceased as quickly and respectfully as possible. You can count on us to act quickly and with as much compassion to the feelings of everyone involved.
We've made it our company's goal in providing top-notch appraisals that lawyers and accountants have come to depend on. There are specific needs for everyone; we comprehend these requirements and are familiar to working with all parties involved. Because of our experience in working with the courts and other agencies, we supply reports that always meet all expectations.
Contact us promptly to discuss your unique estate appraisal essentials and how we can put our business acumen to work for you.
Settling an estate most often requires an appraisal to suggest fair market value for the estate affected. We empathize that when you lose a loved one, acquiring an appraisal report is the furthest thought from your mind. Due to this, now and then the time of death differs from the date the appraisal is needed. Floyd Appraisal Works assures that our appraisers are familiar with the procedures and requirements requested by revenue services to perform a retroactive appraisal with an effective date and fair market value estimate matching the date you suffered the loss of your loved one. The ethics provision listed within the Uniform Standards of Professional Appraisal Practice (USPAP) binds our staff to confidentiality, guaranteeing the fullest degree of discretion for you and your loved ones.
Most people don't realize that the IRS needs documents filed to express the numbers involved in estate sales.
Opinions of value shown in documents provided to the revenue authorities definitely should be backed by an accurate report as to how the appraiser arrived at his conclusions. This sort of report will definitely show your claim that the numbers expressed within the report are well-founded and accurate.
Having a professional appraisal report from Floyd Appraisal Works gives the executor solid facts and figures to work with in meeting IRS and TN state agency requirements. It assures peace of mind to everyone concerned because we assure you that we will stand behind the appraisal if it is ever refuted.
An accurate report showing the appraiser's opinion of value is important to back the methods the appraiser used to come to his conclusions.