Midwest Appraisal and Consulting knows the special needs of estate executors
The task of settling an estate, while stressful is very important. As an executor you have been entrusted to carry out the wishes of the departed as quickly and with as much dignity as possible. You can count on us to act quickly and with as much empathy to the feelings of everyone involved.
Part of Midwest Appraisal and Consulting's focus is to supply top-notch, ethical appraisals that attorneys can depend on. We cater to their needs and are used to working with all parties involved. Due to our familiarity in working with the legal system and various agencies, we assemble appraisal reports that always meet all expectations.
Contact us immediately to discuss your specialized estate appraisal needs and how we can put our experience to work for you.
Settling an estate generally requires an appraisal to acquire fair market value for the residential property therein. It's understandable that ordering an appraisal is the farthest thought from your mind. Of course, you have to be there for your loved ones first. Midwest Appraisal and Consulting assures that our staff are accustomed to the procedures and requirements needed by the IRS and MI revenue agencies to perform 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 explained within the Uniform Standards of Professional Appraisal Practice (USPAP) binds our staff to confidentiality, guaranteeing the highest degree of discretion for you and your family.
People often forget that the IRS needs information filed to support the numbers involved in estate sales.
A comprehensive report showing the appraiser's opinion of value is required to back the methods the appraiser used to come to his conclusions. Such a report will certainly demonstrate to the MI agencies that the numbers used are accurate and substantiated.
Having a professional appraisal from Midwest Appraisal and Consulting gives the executor undeniable facts and figures to work with in meeting IRS and MI state agency requirements. You need not be concerned over anything, because we will be there to support our reports if they are ever challenged.
One of the most significant requirements in a report is an appraiser-backed opinion of value in an exhaustive reason as to how the appraiser came to his conclusion.