H.M. Hoffman & Company understands the special needs of estate executors

The job 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 deceased as promptly and with as much dignity as possible. You can count on us to act quickly and with as much compassion to the feelings of everyone in bereavement.

Attorneys and accountants depend on our conduct when calculating real property values for estates, divorces, or other disputes requiring a value being placed on real property. There are required needs for everyone; we realize these requirements and are acclimated to working with all parties involved. We create appraisal reports that surpass the requirements of the courts and other groups.

Contact us today to discuss your specific estate appraisal specifications and how we can put our knowledge to work for you.

Usually, settling an estate requires an irrefutable appraisal report to establish fair market value for the house to the satisfaction of the parties involved. We know that when you lose a loved one, even thinking about an appraisal is the furthest thought from your mind. Because of this, often there are times that the date of an appraisal differs from the date of your loss. H.M. Hoffman & Company assures that our staff are knowledgeable about the procedures and requirements requested by the IRS and PA revenue agencies to perform a retroactive appraisal with an effective date and fair market value estimate matching the exact date your loved one passed away. The ethical obligations stated within the Uniform Standards of Professional Appraisal Practice (USPAP) attunes our staff to confidentiality, ensuring the fullest degree of privacy for you.

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

An accurate report showing the appraiser's opinion of value is important to support the methods the appraiser used to come to his conclusions. In having a report supported by H.M. Hoffman & Company's expert appraisers, you will have the understanding that the numbers displayed in the appraisal will definitely demonstrate to the authorities that the numbers used are accurate and substantiated.

To learn more about your tax obligations when you inherit real property in the state of Pennsylvania and the City of Philadelphia click the HERE which will take you to the City of Philadelphia's  web page regarding Inheritance Tax.

Required forms can be found at the Register of Wills Office or downloaded from the PA Department of Revenue web site HERE.

Opinions of value used in documents filed with the the IRS and PA state agencies definitely should be backed by a comprehensive report as to how the appraiser arrived at his conclusions.