JMS Appraisal knows the special needs of estate executors
Settling an estate is an important and sometimes stressful job. As an executor you have been entrusted to carry out the wishes of the departed as swiftly and with as much dignity as possible. You can count on us to act quickly and with as much compassion to the feelings of everyone involved.
We've made it our company's goal in providing top-notch appraisals that lawyers and accountants have come to depend on. Generally, everyone involved will have their own ideas of how the appraisal process should work; however, our understanding of the estate process will undoubtedly satisfy all parties involved. We supply appraisal reports that exceed the needs of the legal system and other agencies.
Contact us immediately to discuss your unique estate appraisal specifications and how we can put our business acumen to work for you.
Settling an estate generally demands an appraisal to establish fair market value for the residential property therein. It's understandable that thinking about an appraisal is the farthest thought from your mind. Because of this, now and then there can be times that the date of an appraisal report deviates from the date of your loss. JMS Appraisal assures that our appraisers are comfortable with the procedures and requirements needed by the IRS and CA revenue agencies to supply a retroactive appraisal with an effective date and fair market value estimate matching the exact date your loved one passed away. The ethical requirements explained within the Uniform Standards of Professional Appraisal Practice (USPAP) binds our appraisers to confidentiality, providing the strongest degree of privacy for you.
The requirement of owning a real estate appraisal when working with revenue services to show income when filing documents is often unknown by most people.
Opinions of value shown in documents filed with the revenue authorities absolutely should be backed by an accurate report as to how the appraiser arrived at his conclusions. Such a report will clearly demonstrate to the CA agencies that the numbers used are accurate and correct.
JMS Appraisal will provide an detailed appraisal, which will give an executor solid facts and numbers that will meet IRS and state agency requirements. You need not worry over anything, because JMS Appraisal will be there to back up our appraisals if they are ever challenged.
An accurate report showing the appraiser's opinion of value is required to back the methods the appraiser used to come to his conclusions.