Property Valuations for Estate Settlement by J.S. Appraisals, Inc.

Settling an estate is often stressful, but a very important job. As an executor you have been entrusted to carry out the wishes of the deceased as quickly and respectfully as possible. You can count on us to act quickly and with as much compassion to the feelings of everyone in bereavement.

Lawyers and accountants count on our ethics when calculating real property values for estates, divorces, or other disputes requiring a cost being placed on real property. Generally, everyone involved will have their own expectations of how the appraisal process should work; however, our knowledge of the estate process definitely satisfy all parties involved. Among our staff, we are accustomed to working with the courts in assembling reports that transcend their demands.

Settling an estate commonly requires an appraisal to ascertain fair market value for the residential property in question. We understand that in times like this, ordering an appraisal report is the furthest thought from your mind. Due to this, it is possible that the time of death differs from the date the appraisal is required. Our company is comfortable with the practices and requirements necessary 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 ethical requirements listed within the Uniform Standards of Professional Appraisal Practice (USPAP) keeps our company to confidentiality, certifying the strongest degree of privacy for you and your family.

Often, people do not fully comprehend the demand to have an intricate real estate appraisal prepared in support of the numbers shown in tax documents filed with the IRS.

One of the most significant requirements in a report is an appraiser-backed opinion of value in a detailed explanation as to how the appraiser came to his conclusion. In having a report backed by J.S. Appraisals, Inc.'s expert staff, you will have the peace of mind that the numbers displayed in the appraisal will certainly demonstrate to the IRS that the numbers used are accurate and substantiated.

Having a professional appraisal report from J.S. Appraisals, Inc. gives the executor irrefutable facts and figures to work with in going beyond IRS and IL state agency requirements. You need not stress over anything, because we will be there to stand by our reports if they are ever challenged.

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