Property Valuations for Estate Settlement by Hancock Hollow GroupEstate settlement is an important and sometimes stressful task. As a trustee, you've been given the power to carry out the wishes of a loved one as swiftly and with as much dignity as possible. You can count on us to respond quickly and with as much empathy to the feelings of everyone in bereavement.
Attorneys and accountants rely on our understanding when calculating real property values for estates, divorces, or other disputes requiring a value being determined for real property. We comprehend their needs and are accustomed to dealing with all parties involved. Among our staff, we are used to working with the courts in assembling appraisal reports that meet their demands.
Generally, settling an estate necessitates an accurate appraisal report to ascertain market value for the house to the satisfaction of the parties involved. It's understandable that thinking about an appraisal is the farthest thought from your mind. Due to this, often the time of death differs from the time the appraisal is ordered. Our professional staff is familiar with the practices and requirements obligatory to produce a retrospective appraisal with an effective date and market value estimate matching the exact date of death. The ethical requirements listed within the Uniform Standards of Professional Appraisal Practice (USPAP) conforms our appraisers to confidentiality, certifying the fullest degree of discretion for you and your loved ones.
Most of the time, people do not fully fathom the requirement to have a comprehensive real estate appraisal prepared in support of the figures used in tax documents filed with revenue authorities.
Opinions of value shown in documents filed with revenue authorities definitely should be supported by an exhaustive report as to how the appraiser came to his conclusions. Such a report will definitely demonstrate to the Maryland agencies that the numbers used are well-founded and correct.
Having a professional report from Hancock Hollow Group gives the executor definite facts and figures to work with in going beyond IRS and Maryland state agency requirements. There's no need to be concerned when getting a report from us, because we will support it no matter what.