Property Valuations for Estate Settlement by MJP Appraisal Group

The job 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 swiftly and with as much dignity as possible. You can count on us to act quickly and with as much understanding to the feelings of everyone in bereavement.

Part of MJP Appraisal Group's company goal is to provide top-notch, ethical appraisals that lawyers can rely on. Often, all parties will have differing expectations of how the appraisal process should work; however, our understanding of the estate process will, without a doubt, satisfy all parties involved. We compose appraisal reports that exceed the obligations of the courts and different groups.

Settling an estate most often depends on an appraisal to acquire fair market value for the residential property affected. It's understandable that ordering getting an appraisal is the farthest thought from your mind. Due to this, there is a chance that the date of death differs from the date the appraisal is requested. Our professional staff is familiar with the procedures and requirements obligatory to provide 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) attunes our staff to confidentiality, guaranteeing the fullest degree of privacy for all parties involved.

Often, people do not fully realize the importance in having a full real estate appraisal produced in support of the numbers shown in tax documents filed with the IRS.

Opinions of value displayed in documents provided to the revenue authorities definitely should be supported by a comprehensive report as to how the appraiser acquired his conclusions. In having a report supported by MJP Appraisal Group's expert appraisers, you will have the understanding that the numbers provided in the appraisal report will clearly demonstrate to the TX agencies that the numbers used are accurate and correct.

Having a professional appraisal from MJP Appraisal Group gives the executor irrefutable facts and figures to work with in going beyond IRS and TX state agency requirements. It assures peace of mind to everyone concerned because we are there to stand behind the appraisal report if it is ever refuted.

One of the most significant requirements in an appraisal report is an appraiser-supported opinion of value in a comprehensive reason as to how the appraiser came to his conclusion.