Duluth Appraisal Services knows the special needs of estate executors
Settling an estate is an important and sometimes stressful task. As an executor you have been entrusted to carry out the wishes of the deceased as promptly and exactly as possible. You can count on us to act quickly and with as much sympathy to the feelings of everyone left behind.
We've made a name for ourselves in providing the best appraisals that lawyers and accountants have come to depend on. There are required needs for everyone; we are sympathetic to these needs and are used to to working with all parties involved. We offer appraisal reports that exceed the necessities of the legal system and other groups.
Contact us today to discuss your unique estate appraisal essentials and how we can put our business acumen to work for you.
Usually, settling an estate requires an irrefutable appraisal report to acquire fair market value for the property to the satisfaction of the parties involved. We understand that in times like this, ordering an appraisal is the furthest thought from your mind. Because of this, often 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 exact date your loved one passed away. The ethics provision explained within the Uniform Standards of Professional Appraisal Practice (USPAP) attunes our appraisers to confidentiality, guaranteeing the fullest degree of discretion for all parties involved.
Often, people do not fully acknowledge the importance in having a detailed real estate appraisal prepared in support of the numbers shown in tax documents filed with revenue authorities.
An exhaustive report showing the appraiser's opinion of value is required to support the methods the appraiser used to come to his conclusions. Such a report will certainly demonstrate to the MN agencies that the numbers used are accurate and substantiated.
Having a professional report from Duluth Appraisal Services gives the executor definite facts and figures to work with in exceeding IRS and MN state agency requirements. It assures peace of mind to everyone concerned because we will always be there to stand behind the appraisal if it is ever challenged.
One of the most important requirements in an appraisal is an appraiser-backed opinion of value in an exhaustive explanation as to how the appraiser came to his conclusion.