Property Valuations for Estate SettlementEstate settlement is often stressful, but a very important job. It's up to you as a trustee 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 compassion to the feelings of everyone left behind.
Attorneys and accountants count on our ethics when calculating real property values for estates, divorces, or other disputes requiring a value being placed on real property. We are sympathetic to their needs and are accustomed to working with all parties involved. Among our staff, we are accustomed to working with legal agencies in producing appraisal reports that out-strip their necessities.
Settling an estate commonly demands an appraisal to determine market value for the house involved. It's understandable that thinking about getting an appraisal is the farthest thought from your mind. Due to this, there is a chance that the date of death differs from the time the appraisal is ordered. Lancaster Appraisal Group assures that we are accustomed to the procedures and requirements needed by the federal and Pennsylvania revenue agencies to supply a retrospective appraisal with an effective date and market value estimate matching the exact date you suffered the loss of your loved one. The ethics provision explained within the Uniform Standards of Professional Appraisal Practice (USPAP) binds our staff to confidentiality, guaranteeing the highest degree of discretion for you.
People often forget that the IRS requires documents filed to explain the numbers involved in estate sales.
An accurate report showing the appraiser's opinion of value is important to back the methods the appraiser used to come to his conclusions. In having a report supported by Lancaster Appraisal Group's expert staff, you will have the knowledge that the numbers provided in the report will clearly demonstrate to the authorities that the numbers used are well founded and correct.
Lancaster Appraisal Group guarantees a detailed appraisal, which will give an executor solid facts and numbers that will meet IRS and revenue agency requirements. It assures peace of mind to everyone concerned because we assure you that we will stand behind the appraisal report if it is ever refuted.