Property Valuations for Estate Settlement by Miller Appraisal Co.

Estate settlement is often stressful, but a very important job. As an executor you have been entrusted to carry out the wishes of the departed as promptly and exactly as possible. You can count on us to act quickly and with as much respect to the feelings of everyone left behind.

Attorneys and accountants rely on our understanding when calculating real estate values for estates, divorces, or other disputes requiring a worth being placed on real property. We understand their needs and are used to helping with all parties involved. Among our staff, we are accustomed to interacting with law offices in producing appraisals that exceed their requirements.

Settling an estate commonly requires an appraisal to ascertain fair market value for the house involved. We empathize that in times like this, even thinking about an appraisal is the furthest thought from your mind. Because of this, often there can be times that the effective date of an appraisal differs from the date of your loss. Miller Appraisal Co. assures that our appraisers are comfortable with the procedures and requirements needed by revenue services to produce a retroactive appraisal with an effective date and fair market value estimate matching the date of death. The ethical requirements listed within the Uniform Standards of Professional Appraisal Practice (USPAP) binds our staff to confidentiality, providing the strongest degree of privacy for you and your loved ones.

The necessity of needing a real estate appraisal when cooperating with the IRS to prove income when filing documents is often unknown by most people.

One of the most necessary requirements in an appraisal report is an appraiser-backed opinion of value in an exhaustive reason as to how the appraiser came to his conclusion. Such a report will clearly demonstrate to the IRS that the numbers used are accurate and correct.

Having a professional appraisal report from Miller Appraisal Co. gives the executor definite facts and figures to work with in going beyond IRS and MN state agency requirements. There's no need to worry when getting an appraisal from us, because we will stand by it no matter what.

One of the most necessary requirements in an appraisal report is an appraiser-supported opinion of value in a detailed explanation as to how the appraiser came to his conclusion.