![]() Estate Settlement Appraisals in TN by Lyles Appraisal ServiceEstate settlement 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 sensitivity to the feelings of everyone in bereavement. We've made it our company's goal in providing the best appraisals that lawyers and accountants have come to rely on. Sometimes, everyone involved will have their own ideas of how the appraisal process should work; however, our knowledge of the estate process definitely satisfy all parties involved. We compose appraisal reports that out-strip the obligations of the courts and different groups. Contact us as soon as possible to discuss your specific estate appraisal specifications and how we can put our business acumen to work for you. Commonly, settling an estate necessitates an extensive appraisal report to acquire fair market value for the house to the satisfaction of the parties involved. We sympathize that in this time of loss, ordering an appraisal is the furthest thought from your mind. Because of this, now and then there will be times that the effective date of an appraisal report deviates from the time of death. Lyles Appraisal Service assures that we are accustomed to the procedures and requirements requested by revenue services to perform a retroactive appraisal with an effective date and fair market value estimate matching the exact date you suffered the loss of your loved one. The ethical requirements listed within the Uniform Standards of Professional Appraisal Practice (USPAP) conforms our staff to confidentiality, ensuring the fullest degree of discretion for you and your family. All too often, people do not fully understand the necessity in having an intricate appraisal report prepared in support of the numbers displayed in general documents filed with the IRS. An exhaustive report showing the appraiser's opinion of value is important to back the methods the appraiser used to come to his conclusions. Such a report will certainly demonstrate to the TN agencies that the numbers used are accurate and correct. Having a professional appraisal report from Lyles Appraisal Service gives the executor irrefutable facts and figures to work with in going beyond IRS and TN state agency requirements. It assures peace of mind to everyone concerned because we are there to stand behind the appraisal if it is ever challenged. Opinions of value used in documents provided to the revenue authorities absolutely should be backed by a comprehensive report as to how the appraiser came to his conclusions. |