Pettit Appraisals knows the special needs of estate executors

Settling an estate is often stressful, but a very important job. As an executor you have been entrusted to carry out the wishes of the departed as promptly and exactly as possible. You can count on us to act quickly and with as much understanding to the feelings of everyone in bereavement.

Part of Pettit Appraisals's focus is to provide top-notch, ethical appraisals that attorneys can rely on. We comprehend their needs and are acclimated to working with all parties involved. In relation to our experience in working with the courts and other agencies, we provide appraisals that definitely meet all expectations.

Settling an estate usually demands an appraisal to show fair market value for the house involved. We understand that when you lose a loved one, acquiring an appraisal is the furthest thought from your mind. So, there's a chance the date an appraisal report is needed will deviate the date of death. We are familiar with the procedures and requirements necessary to produce a retroactive appraisal with an effective date and fair market value estimate matching the exact date of death. The ethical requirements listed within the Uniform Standards of Professional Appraisal Practice (USPAP) conforms our company to confidentiality, providing the strongest degree of privacy for you.

Often, people do not fully realize the requirement to have an exhaustive real estate appraisal produced in support of the numbers being used in tax documents filed with the IRS and IL state agencies.

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

Pettit Appraisals guarantees an well-founded appraisal report, which will give an executor accurate facts and figures that will meet IRS and revenue agency requirements. You need not be concerned over anything, because Pettit Appraisals will be there to back up our work if they are ever refuted.

Opinions of value used in documents filed with the revenue authorities definitely should be backed by a comprehensive report as to how the appraiser arrived at his conclusions.