McDonald & Associates understands the special needs of estate executorsThe task of settling an estate, often a source of stress, is not to be taken lightly. As an executor, you have been entrusted to carry out the wishes of a loved one as swiftly and respectfully as possible. You can count on us to act expeditiously and with as much respect to the feelings of everyone involved.
Part of McDonald & Associates's company goal is to provide top-notch, ethical appraisals that attorneys can depend on. Sometimes, all parties will have their own suggestions of how the appraisal process should work; however, our experience of the estate process definitely satisfy all parties involved. Due to our experience in working with the legal system and other agencies, we assemble reports that definitely exceed all expectations.
Usually, settling an estate necessitates an irrefutable appraisal report to establish fair market value for the house to the satisfaction of the parties involved. It's understandable that ordering getting an appraisal is the farthest thought from your mind. Because of this, often there will be times that the date of an appraisal differs from the date of your loss. We are comfortable with the procedures and requirements needed to perform a retroactive appraisal with an effective date and fair market value estimate matching the exact date of death. The ethical obligations stated within the Uniform Standards of Professional Appraisal Practice (USPAP) conforms our staff to confidentiality, providing the fullest degree of discretion for all parties involved.
The necessity of owning an appraisal when dealing with government agencies to prove income when filing documents is often misunderstood by most people.
One of the most essential requirements in an appraisal is an appraiser-backed opinion of value in a comprehensive explanation as to how the appraiser came to his conclusion. In having a report backed by McDonald & Associates's professional appraisers, you will have the knowledge that the numbers shown in the report will clearly demonstrate to the Illinois agencies that the numbers used are well founded and substantiated.
Having a professional report from McDonald & Associates gives the executor undeniable facts and figures to work with in exceeding IRS and Illinois state agency requirements. There's no need to have anything but peace of mind when getting a report from us, because we will back it no matter what.