William Wood Co. knows the special needs of estate executorsSettling an estate is often stressful, but a very important job. It's up to you as a trustee to carry out the wishes of a loved one as promptly and attentively as possible. You can count on William Wood Co. to act expeditiously and with as much respect to the feelings of everyone in bereavement.
Part of William Wood Co.'s company goal is to provide top-notch, ethical appraisals that lawyers can depend on. There are specific needs for everyone; we cater to these requirements and are acclimated to working with all parties involved. Among our staff, we are used to working with the courts in supplying appraisals that meet their necessities.
Commonly, settling an estate requires a clear appraisal report to ascertain market value for the house to the satisfaction of the parties involved. We empathize that in this time of loss, even thinking about an appraisal is the furthest thought from your mind. Because of this, often there can be times that the effective date of an appraisal deviates from the date of your loss. Our professional staff is knowledgeable about the practices and requirements needed to provide a retrospective appraisal with an effective date and market value estimate matching the exact date your loved one passed away. The ethical requirements listed within the Uniform Standards of Professional Appraisal Practice (USPAP) binds our company to confidentiality, assuring the strongest degree of discretion for you and your family.
People often forget that the IRS needs documents filed to explain the numbers involved in estate sales.
One of the most important requirements in a report is an appraiser-backed opinion of value in a comprehensive reason as to how the appraiser came to his conclusion. Such a report will clearly demonstrate to the Pennsylvania agencies that the numbers used are accurate and substantiated.
William Wood Co. will provide a detailed appraisal report, which will give an executor solid facts and numbers that will meet IRS and revenue agency requirements. You need not be concerned over anything, because William Wood Co. will be there to back up our work if they are ever refuted.