Appraisals for Estate Settlement by John S. Porter

Estate settlement is often stressful, but a very important job. As an executor you have been entrusted to carry out the wishes of the departed as quickly and with as much dignity as possible. You can count on us to act quickly and with as much understanding to the feelings of everyone involved.

Attorneys and accountants count on our ethics when calculating real estate values for estates, divorces, or other disputes requiring a worth being placed on real property. Sometimes, everyone involved will have differing ideas of how the appraisal process should work; however, our knowledge of the estate process definitely satisfy all parties involved. Due to our experience in working with the legal system and various agencies, we compose appraisal reports that definitely exceed all expectations.

Settling an estate generally depends on an appraisal to acquire fair market value for the property in question. It's understandable that ordering getting an appraisal is the farthest thought from your mind. Because of this, now and then there will be times that the effective date of an appraisal report deviates from the date of your loss. Our company is knowledgeable about the procedures and requirements necessary to perform a retroactive appraisal with an effective date and fair market value estimate matching the date your loved one passed away. The ethics provision explained within the Uniform Standards of Professional Appraisal Practice (USPAP) binds our company to confidentiality, certifying the strongest degree of discretion for you and your family.

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

One of the most important requirements in a report is an appraiser-backed opinion of value in a detailed reason as to how the appraiser came to his conclusion. In having a report supported by John S. Porter's professional appraisers, you will have the understanding that the numbers displayed in the report will clearly demonstrate to the IRS that the numbers used are well founded and correct.

Having a professional appraisal report from John S. Porter gives the executor definite facts and figures to work with in exceeding IRS and MI state agency requirements. It assures peace of mind to everyone concerned because we assure you that we will stand behind the appraisal if it is ever refuted.

One of the most essential 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.