First Choice Appraisal knows the special needs of estate executors

The job of settling an estate, while stressful is very important. As an executor you have been entrusted to carry out the wishes of the deceased as quickly and exactly as possible. You can count on us to act quickly and with as much empathy to the feelings of everyone left behind.

Part of First Choice Appraisal's company goal is to create top-notch, ethical appraisals that attorneys can depend on. Generally, all parties will have different expectations of how the appraisal process should work; however, our understanding of the estate process definitely satisfy all parties involved. Because of our familiarity in working with the legal system and various agencies, we write reports that always meet all expectations.

Settling an estate most often requires an appraisal to show fair market value for the house affected. We understand that in this time of loss, acquiring an appraisal is the furthest thought from your mind. Because of this, now and then there can be times that the effective date of an appraisal report differs from the time of death. Our professional staff is familiar with the systems and requirements necessary to perform a retroactive appraisal with an effective date and fair market value estimate matching the date of death. The ethical requirements listed within the Uniform Standards of Professional Appraisal Practice (USPAP) keeps our appraisers to confidentiality, assuring the strongest degree of discretion for you and your family.

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

One of the most significant requirements in a report is an appraiser-supported opinion of value in a detailed reason as to how the appraiser came to his conclusion. Such a report will certainly demonstrate to the IRS that the numbers used are accurate and substantiated.

Having a professional report from First Choice Appraisal gives the executor solid facts and figures to work with in going beyond IRS and DE state agency requirements. You need not stress over anything, because First Choice Appraisal will be there to support our reports if they are ever refuted.

One of the most essential requirements in an appraisal report is an appraiser-backed opinion of value in a detailed explanation as to how the appraiser came to his conclusion.