Property Valuations for Estate Settlement or Planning
The responsibility of settling an estate, often a source of stress, is not to be taken lightly. It's up to you as a trustee to carry out the wishes of the deceased as quickly and with as much dignity as possible. You can count on us to respond expeditiously and with as much sympathy to the feelings of everyone involved.
Part of TITAN APPRAISAL GROUP drive is to provide top-notch, ethical appraisals that attorneys can depend on. Generally, the parties involved will have their own expectations of how the appraisal process should work; however, our understanding of the estate process will, without a doubt, satisfy all parties involved. We assemble appraisal reports that transcend the needs of the legal system and other groups.
Generally, settling an estate necessitates an irrefutable appraisal report to establish market value for the house to the satisfaction of the parties involved. We sympathize that when you lose a loved one, ordering an appraisal report is the furthest thought from your mind. Of course, it's expected that you need to take care of your family first. We are accustomed to the practices and requirements necessary to provide a retrospective appraisal with an effective date and market value estimate matching the date of death. The ethics provision listed within the Uniform Standards of Professional Appraisal Practice (USPAP) keeps our company to confidentiality, ensuring the strongest degree of discretion for all parties involved.
Most people don't realize that the IRS needs information filed to explain the numbers involved in estate sales.
An exhaustive report showing the appraiser's opinion of value is necessary to support the methods the appraiser used to come to his conclusions. Such a report will clearly demonstrate to the Michigan agencies that the numbers used are accurate and substantiated.
TITAN APPRAISAL GROUP ensures a substantiated report, which will give an executor solid facts and numbers that will meet IRS and state agency requirements. It assures peace of mind to everyone concerned because we will always be there to stand behind the report if it is ever refuted.
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