Appraisals for Estate Settlement by Thomas G. Hofer

Estate settlement is often stressful, but a very important job. 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 respect to the feelings of everyone in bereavement.

Attorneys and accountants rely on our understanding when calculating real estate values for estates, divorces, or other disputes requiring a value being placed on real property. Generally, all parties will have differing ideas of how the appraisal process should work; however, our experience of the estate process will undoubtedly satisfy all parties involved. In our company, we are used to interacting with the courts in writing appraisal reports that surpass their needs.

Settling an estate commonly depends on an appraisal to show fair market value for the property affected. We sympathize that in this time of loss, acquiring an appraisal is the furthest thought from your mind. Because of this, often there are times that the effective date of an appraisal report deviates from the date of your loss. Thomas G. Hofer assures that our appraisers are accustomed to the procedures and requirements requested by the IRS and MO revenue agencies to supply 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 ethics provision listed within the Uniform Standards of Professional Appraisal Practice (USPAP) keeps our company to confidentiality, providing the highest degree of privacy for all parties involved.

The requirement of needing a real estate appraisal when working with the IRS to explain income when filing documents is often overlooked by most people.

Opinions of value displayed in documents provided to the the IRS and MO state agencies absolutely should be backed by an exhaustive report as to how the appraiser arrived at his conclusions. Such a report will clearly demonstrate to the IRS that the numbers used are accurate and substantiated.

Thomas G. Hofer ensures an well-founded appraisal, which will provide an executor accurate facts and figures that will meet IRS and revenue agency requirements. You need not be concerned over anything, because we will be there to stand by our work if they are 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.