Estate Settlement Appraisals in TX by Harrell Appraisal Services

The responsibility 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 promptly and exactly as possible. You can count on us to act quickly and with as much empathy to the feelings of everyone left behind.

Attorneys and accountants count on our conduct when calculating real property values for estates, divorces, or other disputes requiring a cost being placed on real property. Sometimes, all parties will have different suggestions of how the appraisal process should work; however, our knowledge of the estate process will undoubtedly satisfy all parties involved. We produce appraisal reports that meet the needs of the courts and different groups.

Contact us today to discuss your exact estate appraisal requirements and how we can put our business acumen to work for you.

Settling an estate generally demands an appraisal to show fair market value for the property affected. It's understandable that ordering an appraisal is the farthest thought from your mind. Because of this, often there are times that the effective date of an appraisal report deviates from the time of death. Harrell Appraisal Services assures that our appraisers are familiar with the procedures and requirements requested by revenue services to supply 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 stated within the Uniform Standards of Professional Appraisal Practice (USPAP) conforms us to confidentiality, providing the fullest degree of privacy for you.

Many people do not understand that the IRS requires reports filed to support the numbers involved in estate sales.

A comprehensive 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 certainly demonstrate to the authorities that the numbers used are well-founded and correct.

Having a professional appraisal report from Harrell Appraisal Services gives the executor solid facts and figures to work with in exceeding IRS and TX state agency requirements. You need not be concerned over anything, because we will be there to stand by our reports if they are ever challenged.

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