Estate Settlement Appraisals in IL by Mannion Appraisals

The job of settling an estate, often a source of stress is very important. As an executor you have been entrusted to carry out the wishes of the departed as quickly and exactly as possible. You can count on us to act quickly and with as much respect to the feelings of everyone in bereavement.

Lawyers and accountants depend on our conduct when calculating real estate values for estates, divorces, or other disputes requiring a cost being placed on real property. We understand their needs and are used to working with all parties involved. We construct appraisal reports that exceed the necessities of the courts and other groups.

Usually, settling an estate requires an detailed appraisal report to determine fair market value for the home to the satisfaction of the parties involved. We empathize that in times like this, acquiring an appraisal report is the furthest thought from your mind. So, there's a chance the date an appraisal report is needed will differ the date of death. Mannion Appraisals assures that our staff are accustomed to the procedures and requirements needed by revenue services to perform a retroactive appraisal with an effective date and fair market value estimate matching the date you suffered the loss of your loved one. The ethics provision listed within the Uniform Standards of Professional Appraisal Practice (USPAP) attunes us to confidentiality, certifying the fullest degree of privacy for you and your loved ones.

Many people do not understand that the IRS requires documents filed to show the numbers involved in estate sales.

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 IL agencies that the numbers used are well-founded and substantiated.

Mannion Appraisals will provide an well-founded appraisal report, which will provide an executor solid facts and numbers that will meet IRS and revenue agency requirements. You need not be concerned over anything, because we will be there to stand by our reports if they are ever refuted.

Opinions of value shown in documents provided to the revenue authorities absolutely should be supported by an exhaustive report as to how the appraiser acquired his conclusions.