Property Valuations for Estate Settlement by Hughes Appraisals, LLC

Settling an estate is an important and sometimes stressful task. As an executor you have been entrusted to carry out the wishes of the departed as quickly and respectfully as possible. You can count on us to act quickly and with as much sensitivity to the feelings of everyone involved.

Lawyers and accountants depend on our understanding when calculating real property values for estates, divorces, or other disputes requiring a value being placed on real property. We comprehend their needs and are acclimated to helping with all parties involved. Due to our experience in working with the courts and different agencies, we supply reports that always exceed all expectations.

Usually, settling an estate necessitates an extensive appraisal report to show fair market value for the property to the satisfaction of the parties involved. We empathize that in times like this, even thinking about an appraisal report is the furthest thought from your mind. Due to this, there is a chance that the date of death differs from the date the appraisal is requested. Hughes Appraisals, LLC assures that our appraisers are familiar with the procedures and requirements requested by revenue services to supply a retroactive appraisal with an effective date and fair market value estimate matching the exact date of death. The ethical requirements listed within the Uniform Standards of Professional Appraisal Practice (USPAP) keeps our company to confidentiality, assuring the fullest degree of privacy for you.

People often forget that the IRS requires information filed to support the numbers involved in estate sales.

Opinions of value shown in documents provided to the revenue authorities absolutely should be supported by a comprehensive report as to how the appraiser came to his conclusions. Such a report will certainly demonstrate to the IRS that the numbers used are accurate and substantiated.

Having a professional report from Hughes Appraisals, LLC gives the executor solid facts and figures to work with in going beyond IRS and MN state agency requirements. There's no need to be concerned when getting an appraisal from Hughes Appraisals, LLC, because we will back it no matter what.

One of the most significant requirements in an appraisal is an appraiser-backed opinion of value in a detailed explanation as to how the appraiser came to his conclusion.