Estate Settlement Appraisals in VA by Betsy Millson Appraisal

Estate settlement is often stressful, but a very important job. As an executor you have been entrusted to carry out the wishes of the deceased as promptly and respectfully as possible. You can count on us to act quickly and with as much compassion to the feelings of everyone involved.

Part of Betsy Millson Appraisal's company goal is to produce top-notch, ethical appraisals that lawyers can depend on. There are required needs for everyone; we comprehend these needs and are used to to working with all parties involved. We assemble appraisal reports that surpass the needs of the courts and various groups.

Commonly, settling an estate requires an detailed appraisal report to establish fair market value for the property to the satisfaction of the parties involved. We empathize that in this time of loss, acquiring an appraisal report is the furthest thought from your mind. Because of this, often there will be times that the effective date of an appraisal deviates from the time of death. Betsy Millson Appraisal assures that we are comfortable with the procedures and requirements requested by the IRS and VA revenue agencies to produce a retroactive appraisal with an effective date and fair market value estimate matching the date of death. The ethical requirements stated within the Uniform Standards of Professional Appraisal Practice (USPAP) binds our staff to confidentiality, assuring the highest degree of discretion for you and your family.

Many times, people do not fully understand the need to have an exhaustive appraisal report prepared in support of the numbers shown in general documents filed with the IRS.

Opinions of value shown in documents provided to the the IRS and VA state agencies definitely should be supported by an exhaustive report as to how the appraiser arrived at his conclusions. In having a report supported by Betsy Millson Appraisal's expert staff, you will have the peace of mind that the numbers provided in the appraisal report will clearly demonstrate to the IRS that the numbers used are well founded and correct.

Having a professional report from Betsy Millson Appraisal gives the executor irrefutable facts and figures to work with in meeting IRS and VA state agency requirements. You need not worry over anything, because we will be there to support 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.