Property Valuations for Estate Settlement by Smithson Appraisal

The job of settling an estate, often a source of stress is very important. As an executor you have been entrusted to carry out the wishes of the deceased as swiftly and exactly as possible. You can count on us to act quickly and with as much understanding to the feelings of everyone involved.

We've shown that we're experts in supplying the best appraisals that lawyers and accountants have come to depend on. Sometimes, the parties involved will have different expectations of how the appraisal process should work; however, our experience of the estate process definitely satisfy all parties involved. In relation to our experience in working with the legal system and various agencies, we produce appraisals that always outdo all expectations.

Usually, settling an estate requires an clear appraisal report to acquire fair market value for the property to the satisfaction of the parties involved. We understand that when you lose a loved one, even thinking about an appraisal is the furthest thought from your mind. So, it's possible the time an appraisal is requested will differ the date of death. Our professional staff is comfortable with the procedures and requirements needed to produce a retroactive appraisal with an effective date and fair market value estimate matching the exact date you suffered the loss of your loved one. The ethics provision explained within the Uniform Standards of Professional Appraisal Practice (USPAP) conforms our company to confidentiality, assuring the highest degree of privacy for you and your loved ones.

Most people don't realize that the IRS needs information filed to support the numbers involved in estate sales.

One of the most significant requirements in an appraisal report is an appraiser-supported opinion of value in a detailed reason as to how the appraiser came to his conclusion. A report of this caliber will certainly show the evidence that the numbers expressed within the report are well-founded and accurate.

Having a professional appraisal report from Smithson Appraisal gives the executor solid facts and figures to work with in going beyond IRS and OK state agency requirements. You need not stress over anything, because we will be there to back up our work if they are ever refuted.

Opinions of value used in documents filed with the the IRS and OK state agencies definitely should be supported by a detailed report as to how the appraiser came to his conclusions.