Estate Settlement Appraisals in AZ by Hofmann Appraisals

Settling an estate is an important and sometimes stressful job. As an executor you have been entrusted to carry out the wishes of the deceased as promptly and exactly as possible. You can count on us to act quickly and with as much sensitivity to the feelings of everyone in bereavement.

Lawyers and accountants rely on our ethics when calculating real estate values for estates, divorces, or other disputes requiring a cost being placed on real property. Often, everyone involved will have differing ideas of how the appraisal process should work; however, our experience of the estate process definitely satisfy all parties involved. In relation to our experience in dealing with the courts and various agencies, we create appraisal reports that always outdo all expectations.

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

Settling an estate usually depends on an appraisal to show fair market value for the estate involved. It's understandable that ordering getting an appraisal is the farthest thought from your mind. Because of this, now and then there can be times that the effective date of an appraisal deviates from the date of your loss. Our professional staff is knowledgeable about the practices and requirements needed 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 ethical obligations explained within the Uniform Standards of Professional Appraisal Practice (USPAP) conforms us to confidentiality, providing the highest degree of discretion for you and your loved ones.

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

One of the most necessary requirements in a report is an appraiser-backed opinion of value in a detailed reason as to how the appraiser came to his conclusion. Such a report will clearly demonstrate to the AZ agencies that the numbers used are well-founded and correct.

Hofmann Appraisals guarantees an detailed appraisal, which will give an executor solid facts and figures that will meet IRS and revenue agency requirements. It assures peace of mind to everyone concerned because we are there to stand behind the appraisal report if it is ever challenged.

Opinions of value shown in documents filed with the revenue authorities absolutely should be supported by an accurate report as to how the appraiser came to his conclusions.