Appraisals for Estate Settlement by Robert L Ripp, SRA
The task 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 respectfully as possible. You can count on us to act quickly and with as much sympathy to the feelings of everyone left behind.
Part of Robert L Ripp, SRA's company goal is to offer top-notch, ethical appraisals that lawyers can rely on. Sometimes, all parties will have their own expectations of how the appraisal process should work; however, our experience of the estate process will undoubtedly satisfy all parties involved. We compose appraisal reports that surpass the needs of the legal system and various agencies.
Contact us today to discuss your precise estate appraisal requirements and how we can put our knowledge to work for you.
Commonly, settling an estate necessitates an detailed appraisal report to acquire 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, there is a chance that the time of death differs from the time the appraisal is needed. Robert L Ripp, SRA assures that our appraisers are familiar with the procedures and requirements needed by the IRS and CO revenue agencies 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) conforms our company to confidentiality, providing the fullest degree of discretion for you.
Most people don't realize that the IRS needs information filed to explain the numbers involved in estate sales.
Opinions of value used in documents provided to the revenue authorities definitely should be backed by an exhaustive 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.
Having a professional appraisal report from Robert L Ripp, SRA gives the executor solid facts and figures to work with in exceeding IRS and CO state agency requirements. It assures peace of mind to everyone concerned because we are there to stand behind the appraisal if it is ever refuted.
Opinions of value displayed in documents provided to the revenue authorities absolutely should be backed by a detailed report as to how the appraiser came to his conclusions.