Estate Settlement Appraisals in ND by Minot Commercial Appraisal, LLCThe responsibility 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 promptly and exactly as possible. You can count on us to act quickly and with as much respect to the feelings of everyone in bereavement. We can estimate the market value of the subject property's overall value. Partial interests however we do not do the calculation for various reasons but leave that to the executor. Part of Minot Commercial Appraisal, LLC's drive is to produce top-notch, ethical appraisals that attorneys can depend on. Contact us today to discuss your individual estate appraisal specifications and how we can put our experience to work for you. Settling an estate commonly depends on an appraisal to determine fair market value for the property in question. It's understandable that thinking about getting an appraisal is the farthest thought from your mind. Because of this, now and then there can be times that the date of an appraisal report differs from the time of death. Minot Commercial Appraisal, LLC assures that we are comfortable with the procedures and requirements needed by the IRS and ND 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 ethical requirements explained within the Uniform Standards of Professional Appraisal Practice (USPAP) binds our appraisers to confidentiality, assuring the highest degree of discretion for you and your family. People often forget that the IRS needs information filed to explain the numbers involved in estate sales. Opinions of value shown in documents provided to the the IRS and ND state agencies absolutely should be supported by a detailed 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. An executor will be satisfied by an appraisal by Minot Commercial Appraisal, LLC which will show him irrefutable facts and numbers to deal with the IRS and ND state agencies' 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 refuted. A comprehensive report showing the appraiser's opinion of value is necessary to back the methods the appraiser used to come to his conclusions. |