Wood & Associates knows the special needs of estate executors

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

Part of Wood & Associates's mission statement is to provide top-notch, ethical appraisals that lawyers can depend on. Sometimes, all parties will have different expectations of how the appraisal process should work; however, our knowledge of the estate process will, without a doubt, satisfy all parties involved. In our company, we are used to dealing with legal agencies in composing appraisals that transcend their requirements.

Contact us promptly to discuss your unique estate appraisal essentials and how we can put our experience to work for you.

Generally, settling an estate requires an accurate appraisal report to show fair market value for the home to the satisfaction of the parties involved. We sympathize that in this time of loss, ordering an appraisal report is the furthest thought from your mind. Because of this, now and then there are times that the date of an appraisal report deviates from the date of your loss. Wood & Associates assures that we are comfortable with the procedures and requirements requested by the IRS and TN revenue agencies to perform a retroactive appraisal with an effective date and fair market value estimate matching the exact date you suffered the loss of your loved one. The ethical obligations listed within the Uniform Standards of Professional Appraisal Practice (USPAP) binds us to confidentiality, certifying the fullest degree of discretion for all parties involved.

Often, people do not fully understand the requirement to have a complete appraisal produced in support of the numbers being used in general documents filed with the IRS.

Opinions of value used in documents filed with the revenue authorities definitely should be supported by a detailed report as to how the appraiser arrived at his conclusions. In having a report backed by Wood & Associates's expert appraisers, you will have the understanding that the numbers provided in the appraisal report will certainly demonstrate to the IRS that the numbers used are accurate and substantiated.

Wood & Associates guarantees an well-founded report, which will give an executor accurate facts and figures that will exceed IRS and state agency requirements. There's no need to be stressed out when getting a report from Wood & Associates, because we will stand by it no matter what.

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