Estate Settlement Appraisals in Illinois by ASK Real Estate ServicesSettling an estate is an important and sometimes stressful job. As an executor, you have been entrusted to carry out the wishes of a loved one as swiftly and respectfully as possible. You can count on us to respond quickly and with as much sensitivity to the feelings of everyone in bereavement.
Attorneys and accountants depend on our conduct when calculating real estate values for estates, divorces, or other disputes requiring a value being placed on real property. Sometimes, the parties involved will have different suggestions of how the appraisal process should work; however, our knowledge of the estate process will undoubtedly satisfy all parties involved. Among our staff, we are used to interacting with the courts in writing appraisals that surpass their needs.
Usually, settling an estate necessitates an irrefutable appraisal report to show market value for the home to the satisfaction of the parties involved. It's understandable that thinking about getting an appraisal is the farthest thought from your mind. So, we understand that the time an appraisal report is ordered will deviate the date of death. ASK Real Estate Services assures that our appraisers are accustomed to the procedures and requirements needed by revenue services to supply a retrospective appraisal with an effective date and market value estimate matching the date your loved one passed away. The ethical requirements explained within the Uniform Standards of Professional Appraisal Practice (USPAP) binds us to confidentiality, ensuring the fullest degree of privacy for all parties involved.
The requirement of having an appraisal when working with the IRS to show income when filing documents is often not considered by most people.
Opinions of value used in documents provided to the IRS and Illinois agencies absolutely should be supported by a detailed report as to how the appraiser came to his conclusions. This level of documentation will clearly show your claim that the values provided are well-founded and accurate.
Having a professional appraisal report from ASK Real Estate Services gives the executor undeniable facts and figures to work with in meeting IRS and Illinois state agency requirements. It assures peace of mind to everyone concerned because we will always be there to stand behind the appraisal report if it is ever challenged.