Medina Appraisal Company knows the special needs of estate executors

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 promptly and exactly as possible. You can count on us to act quickly and with as much sympathy to the feelings of everyone in bereavement.

Attorneys and accountants rely on our ethics when calculating real estate values for estates, divorces, or other disputes requiring a cost being placed on real property. We are sympathetic to their needs and are acclimated to helping with all parties involved. In our company, we are accustomed to interacting with legal agencies in assembling appraisals that out-strip their necessities.

Contact us today to discuss your individual estate appraisal essentials and how we can put our experience to work for you.

Commonly, settling an estate requires an detailed appraisal report to acquire fair market value for the house to the satisfaction of the parties involved. It's understandable that ordering an appraisal is the farthest thought from your mind. So, there's a chance the date an appraisal is ordered will not match the date of death. Medina Appraisal Company assures that our appraisers are knowledgeable about the procedures and requirements requested by the IRS and OH revenue agencies to provide a retroactive appraisal with an effective date and fair market value estimate matching the date of death. The ethics provision explained within the Uniform Standards of Professional Appraisal Practice (USPAP) keeps our appraisers to confidentiality, assuring the strongest degree of discretion for all parties involved.

Many people do not understand that the IRS needs documents filed to express the numbers involved in estate sales.

One of the most significant requirements in an appraisal report is an appraiser-supported opinion of value in a comprehensive explanation as to how the appraiser came to his conclusion. Such a report will certainly demonstrate to the IRS that the numbers used are accurate and correct.

Having a professional appraisal report from Medina Appraisal Company gives the executor undeniable facts and figures to work with in meeting IRS and OH state agency requirements. There's no need to be stressed out when getting an appraisal from Medina Appraisal Company, because we will support it no matter what.

One of the most necessary requirements in an appraisal report is an appraiser-backed opinion of value in a detailed reason as to how the appraiser came to his conclusion.