Estate Settlement Appraisals in IL by CJP Appraisal Services

The task of settling an estate, often a source of stress is very important. As an executor you have been entrusted to carry out the wishes of the departed as swiftly and respectfully as possible. You can count on us to act quickly and with as much empathy to the feelings of everyone in bereavement.

Lawyers and accountants count on our ethics when calculating real estate values for estates, divorces, or other disputes requiring a cost being placed on real property. There are required needs for everyone; we comprehend these requirements and are comfortable to working with all parties involved. Among our staff, we are accustomed to interacting with legal agencies in composing reports that meet their necessities.

Contact us immediately to discuss your specific estate appraisal specifications and how we can put our business acumen to work for you.

Commonly, settling an estate necessitates an extensive appraisal report to determine fair market value for the home to the satisfaction of the parties involved. We know that in this time of loss, ordering an appraisal report is the furthest thought from your mind. Due to this, sometimes the date of death differs from the time the appraisal is ordered. Our professional staff is familiar with the systems and requirements necessary to perform a retroactive appraisal with an effective date and fair market value estimate matching the date your loved one passed away. The ethics provision stated within the Uniform Standards of Professional Appraisal Practice (USPAP) binds our appraisers to confidentiality, certifying the strongest degree of discretion for you and your loved ones.

Most of the time people do not fully realize the demand to have a complete real estate appraisal prepared in support of the numbers being used in general documents filed with revenue authorities.

Opinions of value shown in documents provided to the the IRS and IL state agencies definitely should be supported by an accurate report as to how the appraiser acquired his conclusions. Such a report will certainly demonstrate to the IRS that the numbers used are accurate and correct.

Having a professional report from CJP Appraisal Services gives the executor solid facts and figures to work with in exceeding IRS and IL state agency requirements. It assures peace of mind to everyone concerned because we are there to stand behind the report if it is ever refuted.

Opinions of value displayed in documents provided to the the IRS and IL state agencies absolutely should be supported by a comprehensive report as to how the appraiser came to his conclusions.