Appraisals for Estate Settlement by Petrillo Group LTD

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

Lawyers and accountants rely on our understanding when calculating real estate values for estates, divorces, or other disputes requiring a cost being placed on real property. We comprehend their needs and are acclimated to helping with all parties involved. Because of our familiarity in working with the legal system and different agencies, we compose reports that definitely exceed all expectations.

Contact us immediately to discuss your precise estate appraisal needs and how we can put our business acumen to work for you.

Commonly, settling an estate requires an irrefutable appraisal report to ascertain fair market value for the house to the satisfaction of the parties involved. It's understandable that ordering an appraisal is the farthest thought from your mind. Due to this, sometimes the date of death differs from the date the appraisal is requested. Petrillo Group LTD assures that we are familiar with 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 date you suffered the loss of your loved one. The ethical obligations stated within the Uniform Standards of Professional Appraisal Practice (USPAP) conforms our staff to confidentiality, assuring the strongest degree of discretion for all parties involved.

The importance of having an appraisal when working with the IRS to prove income when filing documents is often not considered by most people.

A comprehensive report showing the appraiser's opinion of value is important to support the methods the appraiser used to come to his conclusions. A report of this caliber will clearly substantiate the evidence that the numbers provided within the report are well-founded and accurate.

Having a professional appraisal from Petrillo Group LTD gives the executor solid facts and figures to work with in exceeding IRS and PA state agency requirements. There's no need to be concerned when getting an appraisal from us, because we will support it no matter what.

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