Estate Settlement Appraisals in KY by Pritchard Appraisal Services

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 deceased as swiftly and exactly as possible. You can count on us to act quickly and with as much sympathy to the feelings of everyone left behind.

We've made a name for ourselves in supplying excellent appraisals that lawyers and accountants have come to depend on. We realize their needs and are familiar with helping with all parties involved. We write appraisal reports that exceed the obligations of the courts and various agencies.

Commonly, settling an estate requires an clear appraisal report to ascertain fair market value for the property to the satisfaction of the parties involved. It's understandable that thinking about getting an appraisal is the farthest thought from your mind. So, there's a chance the time an appraisal is requested will differ the date of death. We are comfortable with the practices and requirements necessary to perform a retroactive appraisal with an effective date and fair market value estimate matching the exact date of death. The ethical obligations listed within the Uniform Standards of Professional Appraisal Practice (USPAP) attunes our staff to confidentiality, ensuring the highest degree of discretion for you and your family.

The necessity of having an appraisal report when dealing with the IRS to explain income when filing documents is often overlooked by most people.

Opinions of value shown in documents provided to the the IRS and KY state agencies absolutely should be supported by a comprehensive report as to how the appraiser arrived at his conclusions. Such a report will clearly demonstrate to the IRS that the numbers used are well-founded and correct.

Having a professional appraisal report from Pritchard Appraisal Services gives the executor undeniable facts and figures to work with in exceeding IRS and KY state agency requirements. You need not stress over anything, because we will be there to stand by our reports if they are ever challenged.

One of the most important requirements in a report is an appraiser-backed opinion of value in an exhaustive explanation as to how the appraiser came to his conclusion.