Appraisals for Estates or Probate
We understand that settling an estate is an important and stressful job, Executors need to carry out the duties entrusted to them as swiftly and accurately as possible. Hot Springs Appraisals can act quickly and reliable to help you establish a fair market value for the property involved. We provide appraisal reports that meet the requirements of the courts and other various agencies.
Often, the date of death differs from the date the appraisal is requested. We are familiar with the procedures and requirements necessary to perform a retroactive appraisal with an effective date and Fair Market Value estimate matching the date of death.
Attorneys and Accountants rely on our values when calculating real property values for estates, divorces, or other disputes requiring a value being placed on real property.
The ethics provision within the Uniform Standards of Professional Appraisal Practice (USPAP) binds us with confidentiality, ensuring the fullest degree of discretion.
Values used in documents filed with the revenue authorities should be supported by a detailed appraisal report demonstrate that the numbers used are well founded and substantiated.
Having a professional appraisal gives the executor solid facts and figures to work with when meeting IRS and state agency requirements. It assures peace of mind to everyone concerned because we are there to stand behind the appraisal valuation if it is challenged.