Appraisals for Estate Settlement by M.S. Mitchell & Associates Inc.

The task of settling an estate, while stressful is very important. As an executor you have been entrusted to carry out the wishes of the deceased as quickly and exactly as possible. You can count on us to act quickly and with as much sensitivity to the feelings of everyone left behind.

Part of M.S. Mitchell & Associates Inc.'s mission statement is to offer top-notch, ethical appraisals that lawyers can rely on. Generally, the parties involved will have their own expectations of how the appraisal process should work; however, our understanding of the estate process will, without a doubt, satisfy all parties involved. Among our staff, we are used to dealing with legal agencies in creating appraisal reports that out-strip their requirements.

Contact us promptly to discuss your unique estate appraisal requirements and how we can put our business acumen to work for you.

Generally, settling an estate requires an extensive appraisal report to determine fair market value for the house to the satisfaction of the parties involved. It's understandable that ordering getting an appraisal is the farthest thought from your mind. Due to this, sometimes the time of death differs from the time the appraisal is requested. Our professional staff is accustomed to the practices and requirements obligatory to supply a retroactive appraisal with an effective date and fair market value estimate matching the date your loved one passed away. The ethics provision listed within the Uniform Standards of Professional Appraisal Practice (USPAP) binds our staff to confidentiality, certifying the highest degree of discretion for you and your loved ones.

The requirement of having an appraisal when dealing with the IRS to explain income when filing documents is often unknown by most people.

Opinions of value displayed in documents filed with the revenue authorities absolutely should be supported by an accurate report as to how the appraiser came to his conclusions. Such a report will clearly demonstrate to the IRS that the numbers used are accurate and substantiated.

Having a professional appraisal from M.S. Mitchell & Associates Inc. gives the executor irrefutable facts and figures to work with in exceeding IRS and UT state agency requirements. It assures peace of mind to everyone concerned because we are there to stand behind the report if it is ever challenged.

One of the most essential requirements in an appraisal report is an appraiser-supported opinion of value in a comprehensive reason as to how the appraiser came to his conclusion.