Property Valuations for Estate Settlement by Kordik & Associates, Inc.
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 with as much dignity as possible. You can count on us to act quickly and with as much understanding to the feelings of everyone in bereavement.
We've made a name for ourselves in supplying the best appraisals that lawyers and accountants have come to depend on. There are required needs for everyone; we realize these needs and are comfortable to dealing with all parties involved. Because of our experience in dealing with attorneys and accountants and various agencies, we produce reports that definitely transcend all expectations.
Contact us promptly to discuss your unique estate appraisal requirements and how we can put our experience to work for you.
Settling an estate most often requires an appraisal to ascertain fair market value for the home in question. We understand that in this time of loss, ordering an appraisal report is the furthest thought from your mind. Because of this, now and then there are times that the effective date of an appraisal report differs from the date of your loss. Kordik & Associates, Inc. assures that we are familiar with the procedures and requirements needed by the IRS and IL revenue agencies to produce a retroactive appraisal with an effective date and fair market value estimate matching the date you suffered the loss of your loved one. The ethical requirements stated within the Uniform Standards of Professional Appraisal Practice (USPAP) binds us to confidentiality, providing the strongest degree of privacy for all parties involved.
Most people don't realize that the IRS requires reports filed to support the numbers involved in estate sales.
One of the most significant requirements in a report is an appraiser-supported opinion of value in an exhaustive explanation as to how the appraiser came to his conclusion. In having a report supported by Kordik & Associates, Inc.'s professional staff, you will have the understanding that the numbers provided in the appraisal will definitely demonstrate to the IL agencies that the numbers used are accurate and substantiated.
Kordik & Associates, Inc. will provide an substantiated appraisal report, which will give an executor definite facts and numbers that will exceed IRS and state agency requirements. There's no need to worry when getting an appraisal from Kordik & Associates, Inc., because we will back it no matter what.
Opinions of value used in documents filed with the revenue authorities absolutely should be supported by an accurate report as to how the appraiser came to his conclusions.