Property Valuations for Estate Settlement by Robert L Ripp, SRA
The responsibility 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 deceased as promptly and respectfully as possible. You can count on us to act quickly and with as much compassion to the feelings of everyone involved.
Lawyers and accountants count on our understanding when calculating real estate values for estates, divorces, or other disputes requiring a value being placed on real property. We understand their needs and are acclimated to dealing with all parties involved. Due to our familiarity in dealing with attorneys and accountants and other agencies, we construct reports that always meet all expectations.
Contact us promptly to discuss your specialized estate appraisal requirements and how we can put our business acumen to work for you.
Settling an estate generally demands an appraisal to establish fair market value for the property therein. It's understandable that thinking about an appraisal is the farthest thought from your mind. So, there's a chance the date an appraisal is requested will not match the date of death. Our company is accustomed to the procedures and requirements needed to supply 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 our appraisers to confidentiality, ensuring the fullest degree of discretion for you.
Often, people do not fully understand the necessity in having an exhaustive appraisal produced in support of the numbers displayed in general documents filed with the IRS.
Opinions of value displayed in documents provided to the the IRS and CO state agencies absolutely should be backed by a comprehensive report as to how the appraiser came to his conclusions. Such a report will clearly demonstrate to the IRS that the numbers used are well-founded and substantiated.
An executor will be over-joyed by an appraisal report by Robert L Ripp, SRA which will give him irrefutable facts and numbers to cooperate with any legal agency's requirements. It assures peace of mind to everyone concerned because we will always be there to stand behind the appraisal report if it is ever challenged.
An accurate report showing the appraiser's opinion of value is required to back the methods the appraiser used to come to his conclusions.