Lighthouse Appraisal knows the special needs of estate executorsEstate settlement is an important and sometimes stressful task. As a trustee, you've been given the responsiblity to carry out the wishes of the departed as quickly and respectfully as possible. You can count on Lighthouse Appraisal to respond expeditiously and with as much compassion to the feelings of everyone in bereavement.
We've made it our company's goal in producing the best appraisals that attorneys and accountants have come to depend on. There are required needs for everyone; we comprehend these necessities and are comfortable with collaborating with all parties involved. We produce appraisal reports that meet the requirements of the courts and other agencies.
Settling an estate generally depends on an appraisal to show market value for the residential property affected. It's understandable that ordering an appraisal is the farthest thought from your mind. Because of this, now and then there can be times that the effective date of an appraisal report differs from the time of death. Our company is knowledgeable about the practices and requirements necessary to perform a retrospective appraisal with an effective date and market value estimate matching the exact date you suffered the loss of your loved one. The ethics provision stated within the Uniform Standards of Professional Appraisal Practice (USPAP) keeps our company to confidentiality, guaranteeing the strongest degree of discretion for you.
Most people don't realize that the IRS requires reports filed to express the numbers involved in estate sales.
One of the most significant requirements in a report is an appraiser-backed opinion of value in a detailed explanation as to how the appraiser came to his conclusion. Such a report will certainly demonstrate to the IRS that the numbers used are well-founded and substantiated.
Lighthouse Appraisal will provide a substantiated report, which will give an executor solid facts and numbers that will exceed IRS and revenue agency requirements. It assures peace of mind to everyone concerned because we are there to stand behind the appraisal report if it is ever refuted.