Ace Appraisals understands the special needs of estate executors

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 left behind.

Attorneys and accountants depend on our ethics when calculating real estate values for estates, divorces, or other disputes requiring a value being placed on real property. Often, everyone involved will have their own ideas of how the appraisal process should work; however, our experience of the estate process definitely satisfy all parties involved. We offer appraisal reports that exceed the necessities of the legal system and other groups.

Settling an estate usually requires an appraisal to determine fair market value for the estate in question. We sympathize that when you lose a loved one, even thinking about an appraisal is the furthest thought from your mind. Because of this, often there can be times that the date of an appraisal deviates from the date of your loss. Our staff is knowledgeable about the systems and requirements necessary to provide a retroactive appraisal with an effective date and fair market value estimate matching the date your loved one passed away. The ethics provision explained within the Uniform Standards of Professional Appraisal Practice (USPAP) keeps our company to confidentiality, guaranteeing the highest degree of discretion for all parties involved.

Many people do not understand that the IRS requires information filed to express the numbers involved in estate sales.

One of the most essential requirements in a report is an appraiser-backed opinion of value in a detailed reason as to how the appraiser came to his conclusion. A report of this caliber will clearly substantiate your claim that the numbers expressed within the report are well-founded and accurate.

Having a professional appraisal report from Ace Appraisals gives the executor definite facts and figures to work with in meeting IRS and AK state agency 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.

Opinions of value used in documents filed with the the IRS and AK state agencies definitely should be backed by an exhaustive report as to how the appraiser came to his conclusions.