Estate Settlement Appraisals in IL by Zivka Ljutic

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 deceased as quickly and respectfully as possible. You can count on us to act quickly and with as much understanding to the feelings of everyone left behind.

Attorneys and accountants depend on our understanding when calculating real property values for estates, divorces, or other disputes requiring a worth being placed on real property. We cater to their needs and are acclimated to helping with all parties involved. We provide appraisal reports that meet the requirements of the legal system and other agencies.

Generally, settling an estate necessitates an detailed appraisal report to suggest fair market value for the property to the satisfaction of the parties involved. It's understandable that thinking about getting an appraisal is the farthest thought from your mind. So, there's a chance the date an appraisal is needed will differ the date of death. Zivka Ljutic assures that we are accustomed to the procedures and requirements requested by the IRS and IL revenue agencies to supply a retroactive appraisal with an effective date and fair market value estimate matching the exact date you suffered the loss of your loved one. The ethics provision listed within the Uniform Standards of Professional Appraisal Practice (USPAP) keeps our company to confidentiality, providing the strongest degree of privacy for all parties involved.

Many people do not understand that the IRS needs information filed to express the numbers involved in estate sales.

Opinions of value used in documents filed with the revenue authorities absolutely should be supported by an accurate report as to how the appraiser acquired his conclusions. This sort of report will certainly demonstrate your claim that the numbers provided within the report are well-founded and accurate.

An executor will be ecstatic by an appraisal by Zivka Ljutic which will give him irrefutable facts and numbers to cooperate with the IRS and IL state agencies' requirements. It assures peace of mind to everyone concerned because we are there to stand behind the appraisal report if it is ever refuted.

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