Estate Settlement Appraisals in IL by Price, Merrick & Assoc. LLC

Settling an estate 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 exactly as possible. You can count on us to act quickly and with as much empathy to the feelings of everyone left behind.

Part of Price, Merrick & Assoc. LLC's drive is to provide top-notch, ethical appraisals that attorneys can rely on. Sometimes, everyone involved will have differing requirements of how the appraisal process should work; however, our knowledge of the estate process will undoubtedly satisfy all parties involved. Because of our familiarity in working with attorneys and accountants and various agencies, we offer appraisals that always exceed all expectations.

Commonly, settling an estate requires an detailed appraisal report to acquire fair market value for the home to the satisfaction of the parties involved. It's understandable that ordering getting an appraisal is the farthest thought from your mind. Due to this, it is possible that the date of death differs from the time the appraisal is requested. Our staff is familiar with the systems and requirements needed 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 ethics provision listed within the Uniform Standards of Professional Appraisal Practice (USPAP) attunes our staff to confidentiality, guaranteeing the highest degree of discretion for you and your loved ones.

People often forget that the IRS needs documents filed to support the numbers involved in estate sales.

An accurate report showing the appraiser's opinion of value is required to support the methods the appraiser used to come to his conclusions. Such a report will clearly demonstrate to the authorities that the numbers used are well-founded and correct.

An executor will be over-joyed by a report by Price, Merrick & Assoc. LLC which will give him solid facts and numbers to work with the IRS and IL state agencies' requirements. It assures peace of mind to everyone concerned because we assure you that we will stand behind the appraisal report if it is ever challenged.

One of the most significant requirements in an appraisal is an appraiser-supported opinion of value in an exhaustive explanation as to how the appraiser came to his conclusion.