Estate Settlement Appraisals in MN by Penfield, 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 respect to the feelings of everyone in bereavement.

We've shown that we're experts in supplying excellent appraisals that lawyers and accountants have come to depend on. We understand their needs and are used to helping with all parties involved. We produce appraisal reports that transcend the requirements of the legal system and assorted agencies.

Contact us today to discuss your specialized estate appraisal specifications and how we can put our knowledge to work for you.

Commonly, settling an estate necessitates an detailed 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. So, it's possible the time an appraisal report is ordered will differ the date of death. We are comfortable with the procedures and requirements needed to provide 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 obligations stated within the Uniform Standards of Professional Appraisal Practice (USPAP) attunes us to confidentiality, guaranteeing the strongest degree of discretion for you and your loved ones.

All too often, people do not fully understand the need to have a comprehensive appraisal report supplied in support of the numbers shown in general documents filed with revenue authorities.

Opinions of value shown in documents filed with the revenue authorities absolutely should be supported by a detailed report as to how the appraiser arrived at his conclusions. This sort of report will definitely substantiate the evidence that the numbers displayed within the report are well-founded and accurate.

Having a professional appraisal from Penfield, Inc. gives the executor definite facts and figures to work with in exceeding IRS and MN state agency requirements. You need not be concerned over anything, because Penfield, Inc. will be there to stand by our work if they are ever challenged.

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