Ottley Appraisals LLC understands the special needs of estate executors

Settling an estate is an important and sometimes stressful task. As an executor you have been entrusted to carry out the wishes of the deceased as promptly and with as much dignity as possible. You can count on us to act quickly and with as much respect to the feelings of everyone left behind.

Attorneys and accountants count on our ethics when calculating real property values for estates, divorces, or other disputes requiring a value being placed on real property. There are specific needs for everyone; we cater to these necessities and are familiar to working with all parties involved. We construct appraisal reports that surpass the requirements of the legal system and different agencies.

Commonly, settling an estate necessitates an detailed appraisal report to establish fair market value for the home to the satisfaction of the parties involved. We understand that in times like this, acquiring an appraisal report is the furthest thought from your mind. Due to this, sometimes the time of death differs from the date the appraisal is needed. Ottley Appraisals LLC assures that our appraisers are familiar with the procedures and requirements needed by the IRS and KS revenue agencies to produce a retroactive appraisal with an effective date and fair market value estimate matching the date your loved one passed away. The ethical obligations listed within the Uniform Standards of Professional Appraisal Practice (USPAP) attunes our company to confidentiality, ensuring the highest degree of privacy for you and your family.

People often forget that the IRS needs information filed to explain the numbers involved in estate sales.

One of the most necessary requirements in a report is an appraiser-supported opinion of value in a comprehensive explanation as to how the appraiser came to his conclusion. A report of this caliber will certainly demonstrate the evidence that the numbers displayed within the report are well-founded and accurate.

Having a professional appraisal from Ottley Appraisals LLC gives the executor irrefutable facts and figures to work with in meeting IRS and KS state agency requirements. It assures peace of mind to everyone concerned because we assure you that we will stand behind the report if it is ever challenged.

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