Fariss Appraisal Services understands the special needs of estate executors
Estate settlement is an important and sometimes stressful job. As an executor you have been entrusted to carry out the wishes of the departed as promptly and exactly as possible. You can count on us to act quickly and with as much sensitivity to the feelings of everyone in bereavement.
Part of Fariss Appraisal Services's mission statement is to offer top-notch, ethical appraisals that lawyers can depend on. There are required needs for everyone; we realize these necessities and are acclimated to working with all parties involved. In our company, we are used to working with law offices in writing reports that out-strip their needs.
Contact us immediately to discuss your explicit estate appraisal essentials and how we can put our knowledge to work for you.
Settling an estate most often requires an appraisal to establish fair market value for the house affected. It's understandable that ordering an appraisal is the farthest thought from your mind. Due to this, there is a chance that the date of death differs from the time the appraisal is requested. Fariss Appraisal Services assures that our staff are knowledgeable about 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 of death. The ethical obligations stated within the Uniform Standards of Professional Appraisal Practice (USPAP) conforms our company to confidentiality, assuring the fullest degree of privacy for you and your loved ones.
Many people do not understand that the IRS requires reports filed to show the numbers involved in estate sales.
An accurate report showing the appraiser's opinion of value is necessary to support the methods the appraiser used to come to his conclusions. In having a report backed by Fariss Appraisal Services's expert appraisers, you will have the knowledge that the numbers provided in the report will certainly demonstrate to the CA agencies that the numbers used are accurate and substantiated.
Fariss Appraisal Services ensures an well-founded appraisal, which will give an executor clear facts and numbers that will meet IRS and revenue agency requirements. You need not stress over anything, because we will be there to support our work if they are ever refuted.
One of the most significant requirements in an appraisal report is an appraiser-supported opinion of value in a detailed explanation as to how the appraiser came to his conclusion.