Estate Settlement Appraisals
Settling an estate is an important, and sometimes stressful, task. As the executor of an estate, you have been entrusted to carry out the wishes of the deceased as swiftly and exactly as possible. If there are vehicles, boats, RV’s or motorcycles in the estate, knowing the actual value will help with equal division of property or for resale value. Auto Appraisal Network of North Texas will act quickly and with sensitivity to the feelings of everyone involved to fairly and accurately assess the values of all vehicles included in the estate.
Settling an estate usually requires an appraisal to establish the fair market value for the estate vehicles. In cases where the date of death precedes the date the appraisal is requested, we have the knowledge and capability to perform a retroactive-appraisal with an effective date and fair market value estimate matching the date of death. The ethics provision within the Uniform Standards of Automotive Appraisal Procedures (USAAP) binds us with confidentiality, ensuring the fullest degree of discretion.
Accurately Value Vehicles In The Estate
All too often, people do not fully understand the need to have a detailed appraisal report for each automobile, motorcycle and watercraft in the estate, prepared in support of the numbers being used in documents filed with revenue authorities. Opinions of the values used in the filed documents must be supported by a detailed report that outlines how the appraiser arrived at their conclusions. A certified appraisal report from Auto Appraisal Network will demonstrate to the courts that the numbers used are well founded and substantiated, even in probate cases.
Having a professional appraisal report provides the executor of the will with solid facts and figures to work with for meeting IRS and State agency requirements. It assures peace of mind for all parties because we stand behind our appraisals should it ever be challenged.
Lawyers and accountants regularly rely on our appraisal reports when calculating asset values for estates, divorces, bankruptcies or other disputes, that require value being placed on assets. We work with many different attorney’s and understand what information they need to see in an auto appraisal report, which eliminates any back and forth between lawyers, which ultimately saves you money. Certified appraisal reports from Auto Appraisal Network meet the requirements of the legal system and the approval of the survivors.
If you’re trying to settle an estate and need an experienced, knowledgeable appraiser to accurately value vehicles, including car collections, contact Auto Appraisal Network of North Texas. We offer fair pricing and fast turnaround.