Estate Settlement Appraisals in PA by H.M. Hoffman & Company
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 departed as swiftly and exactly as possible. You can count on us to act quickly and with as much respect to the feelings of everyone in bereavement.
We've made it our company's goal in providing excellent appraisals that attorneys and accountants have come to rely on. There are specific needs for everyone; we realize these requirements and are familiar to working with all parties involved. We compose appraisal reports that meet the requirements of the legal system and various agencies.
Contact us immediately to discuss your unique estate appraisal demands and how we can put our knowledge to work for you.
Settling an estate usually depends on an appraisal to show fair market value for the house involved. It's understandable that thinking about an appraisal is the farthest thought from your mind. Of course, you need to take care of your family first. H.M. Hoffman & Company assures that we are knowledgeable about the procedures and requirements needed by revenue services to produce 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) attunes our company to confidentiality, ensuring the fullest degree of privacy for all parties involved.
Most people don't realize that the IRS requires reports filed to explain the numbers involved in estate sales.
One of the most necessary requirements in a report is an appraiser-supported opinion of value in a comprehensive explanation as to how the appraiser came to his conclusion. Such a report will clearly demonstrate to the PA agencies that the numbers used are well-founded and substantiated.
Having a professional report from H.M. Hoffman & Company gives the executor irrefutable facts and figures to work with in going beyond IRS and PA state agency requirements. There's no need to worry when getting a report from H.M. Hoffman & Company, because we will stand by it no matter what.
Opinions of value shown in documents provided to the revenue authorities absolutely should be supported by a comprehensive report as to how the appraiser came to his conclusions.