Property Valuations for Estate Settlement by Kenneth R. Bush Associates
Estate settlement is an important and sometimes stressful job. As an executor you have been entrusted to carry out the wishes of the deceased as swiftly and with as much dignity as possible. You can count on us to act quickly and with as much understanding to the feelings of everyone left behind.
Part of Kenneth R. Bush Associates's focus is to offer top-notch, ethical appraisals that attorneys can depend on. Usually, everyone involved will have different suggestions of how the appraisal process should work; however, our knowledge of the estate process will, without a doubt, satisfy all parties involved. In our company, we are accustomed to interacting with the courts in producing reports that out-strip their requirements.
Contact us immediately to discuss your precise estate appraisal demands and how we can put our business acumen to work for you.
Generally, settling an estate necessitates an clear appraisal report to show fair market value for the house to the satisfaction of the parties involved. It's understandable that thinking about getting an appraisal is the farthest thought from your mind. Due to this, often the date of death differs from the date the appraisal is needed. Kenneth R. Bush Associates assures that we are familiar with the procedures and requirements needed by the IRS and RI revenue agencies 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 ethical obligations stated within the Uniform Standards of Professional Appraisal Practice (USPAP) keeps us to confidentiality, ensuring the highest degree of discretion for all parties involved.
People often forget that the IRS needs information filed to show the numbers involved in estate sales.
One of the most necessary requirements in a report is an appraiser-supported opinion of value in a detailed reason as to how the appraiser came to his conclusion. Such a report will definitely demonstrate to the RI agencies that the numbers used are well-founded and substantiated.
Kenneth R. Bush Associates will provide an well-founded report, which will give an executor accurate facts and figures that will meet IRS and state agency requirements. There's no need to be concerned when getting a report from Kenneth R. Bush Associates, because we will stand by it no matter what.
Opinions of value displayed in documents filed with the revenue authorities definitely should be supported by a detailed report as to how the appraiser acquired his conclusions.