Property Valuations for Estate Settlement by Appraisals by Kana, LLC
Estate settlement is often stressful, but a very important job. As an executor you have been entrusted to carry out the wishes of the deceased as swiftly and respectfully as possible. You can count on us to act quickly and with as much sensitivity to the feelings of everyone left behind.
We've made a name for ourselves in producing top-notch appraisals that lawyers and accountants have come to rely on. There are required needs for everyone; we understand these requirements and are familiar to dealing with all parties involved. In our company, we are used to working with the courts in producing appraisals that out-strip their demands.
Contact us today to discuss your personal estate appraisal demands and how we can put our business acumen to work for you.
Usually, settling an estate necessitates an accurate appraisal report to determine fair market value for the property to the satisfaction of the parties involved. It's understandable that thinking about getting an appraisal is the farthest thought from your mind. So, there's a chance the time an appraisal report is requested will differ the date of death. Our company is familiar with the systems and requirements obligatory to perform a retroactive appraisal with an effective date and fair market value estimate matching the date your loved one passed away. The ethical requirements stated within the Uniform Standards of Professional Appraisal Practice (USPAP) binds our appraisers to confidentiality, ensuring the strongest degree of privacy for all parties involved.
People often forget that the IRS requires reports filed to support the numbers involved in estate sales.
One of the most essential 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 LA agencies that the numbers used are well-founded and correct.
Having a professional report from Appraisals by Kana, LLC gives the executor irrefutable facts and figures to work with in going beyond IRS and LA state 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.
Opinions of value displayed in documents provided to the revenue authorities absolutely should be supported by an accurate report as to how the appraiser arrived at his conclusions.