IRS Certified Appraiser
Did you know that trust appraisals must meet four legal standards?:
Compliance with the laws of the State of California
Compliance with the IRS Standards
Compliance with the United States Treasury Department Standards
Compliance with USPAP (Uniform Standards of Professional Appraisal Practice) required since July 30, 2018. The ethics provision of the USPAP binds me with confidentiality, guaranteeing your privacy with the utmost discretion.
Trust appraisals must only be completed by a State Certified Real Estate Appraiser. I provide home appraisal reports written in compliance to the standards above. You can be confident that my appraisal reports will stand up to judicial scrutiny. The appraisal reports I provide meet the requirements of the courts and various agencies.
If you are trying to divide your real estate equally among your heirs, you may want to know its approximate value so that you can dole them out fairly. This is especially true if it has been a long time since you bought the property and you aren’t sure of its current value. This makes it important to get a home appraisal done in order to determine the correct value of a home or real estate that’s put in a Living Trust.
You may want to periodically update your home appraisal for your trust due to changes that may occur over time. These changes may include:
A substantial decrease or increase in the value of your estate
Death of heirs or beneficiaries
Birth or adoption of new heirs or beneficiaries
Marriage or divorce
Change in trustees, guardians or personal representatives
Disposition or acquisition of a significant asset
Children reaching the age of 18
New state laws
I conduct professional real estate appraisals for estate planning trusts to evaluate fair market values for homes and real estates. Executors, Attorneys, CPAs and Grantors across California increasingly rely on my expert value opinions that are accurate and substantive when calculating real property values for trusts.
- Estate Appraisals
Settling an estate after the death of a family member is an important and sometimes stressful job. As an executor you have been entrusted to carry out the wishes of the deceased as swiftly and exactly as possible. Settling an estate usually requires an appraisal to establish Fair Market Value for the residential or commercial property involved.
Did you know that estate appraisals must meet four legal standards?:
Compliance with the laws of the State of California
Compliance with the IRS Standards
Compliance with the United States Treasury Department Standards
Compliance with USPAP (Uniform Standards of Professional Appraisal Practice) required since July 30, 2018. The ethics provision of the USPAP binds me with confidentiality, guaranteeing your privacy with the utmost discretion.
Estate appraisals must only be completed by a State Certified Real Estate Appraiser. I provide home appraisal reports written in compliance to the standards above. You can be confident that my appraisal reports will stand up to judicial scrutiny. The appraisal reports I provide meet the requirements of the courts and various agencies.
The ethics provision within the Uniform Standards of Professional Appraisal Practice (USPAP) binds us with confidentiality, ensuring the fullest degree of discretion.
All too often, people do not fully appreciate the need to have a detailed real estate appraisal prepared in support of the numbers being used in documents filed with revenue authorities.
Opinions of value used in documents filed with the I.R.S. and, for the State of California, the Franchise Tax Board must be supported by a detailed report as to how the appraiser arrived at his/her conclusions. Such a report will certainly demonstrate to these authorities that the numbers used are well founded and substantiated.
Having a professional appraisal gives the executor and Beneficiaries solid facts and figures to work with in meeting IRS and state agency requirements. It assures peace of mind to everyone concerned because we are there to stand behind the appraisal if it is challenged.