Appraisals for Estate Settlement by Johnston AppraisalsSettling an estate is often stressful, but a very important job. As an executor you have been entrusted to carry out the wishes of the departed as swiftly and respectfully as possible. You can count on us to act quickly and with as much compassion to the feelings of everyone left behind. Attorneys and accountants rely on our ethics when calculating real estate values for estates, divorces, or other disputes requiring a cost being placed on real property. We cater to their needs and are used to dealing with all parties involved. We assemble appraisal reports that out-strip the needs of the courts and other agencies. Contact us as soon as possible to discuss your precise estate appraisal needs and how we can put our knowledge to work for you. Settling an estate usually requires an appraisal to ascertain fair market value for the home affected. We empathize that when you lose a loved one, ordering an appraisal report is the furthest thought from your mind. Of course, you have to comfort your family first. Johnston Appraisals assures that our appraisers are familiar with the procedures and requirements needed by the IRS and IL revenue agencies to supply 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 listed within the Uniform Standards of Professional Appraisal Practice (USPAP) binds our staff to confidentiality, certifying the highest degree of privacy for you and your loved ones. Many people do not understand that the IRS needs reports filed to explain the numbers involved in estate sales. An exhaustive report showing the appraiser's opinion of value is important to back the methods the appraiser used to come to his conclusions. Such a report will certainly demonstrate to the IL agencies that the numbers used are well-founded and correct. Johnston Appraisals ensures an substantiated appraisal, which will provide an executor definite facts and numbers that will meet IRS and 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 significant requirements in an appraisal report is an appraiser-supported opinion of value in an exhaustive reason as to how the appraiser came to his conclusion. |