Appraisals for Estate Settlement by Kurt Wessel & Associates

The task of settling an estate, often a source of stress is very important. As an executor you have been entrusted to carry out the wishes of the deceased as swiftly and exactly as possible. You can count on us to act quickly and with as much empathy to the feelings of everyone left behind.

Lawyers and accountants count on our understanding when calculating real property values for estates, divorces, or other disputes requiring a value being placed on real property. Generally, everyone involved will have different ideas of how the appraisal process should work; however, our experience of the estate process definitely satisfy all parties involved. In relation to our familiarity in dealing with the courts and other agencies, we offer appraisals that definitely outdo all expectations.

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

Usually, settling an estate requires an irrefutable appraisal report to show fair market value for the home to the satisfaction of the parties involved. We understand that when you lose a loved one, ordering an appraisal is the furthest thought from your mind. Because of this, often there can be times that the effective date of an appraisal report differs from the time of death. Kurt Wessel & Associates assures that our staff are accustomed to the procedures and requirements requested by revenue services to provide 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 requirements listed within the Uniform Standards of Professional Appraisal Practice (USPAP) binds our company to confidentiality, assuring the highest degree of privacy for all parties involved.

People often forget that the IRS requires reports filed to show the numbers involved in estate sales.

Opinions of value used in documents filed with the the IRS and IL state agencies definitely should be supported by an exhaustive report as to how the appraiser acquired his conclusions. Such a report will clearly demonstrate to the IRS that the numbers used are well-founded and correct.

An executor will be satisfied by a report by Kurt Wessel & Associates which will give him irrefutable facts and numbers to deal with the IRS and IL state agencies' requirements. It assures peace of mind to everyone concerned because we are there to stand behind the report if it is ever refuted.

Opinions of value shown in documents filed with the revenue authorities absolutely should be backed by an accurate report as to how the appraiser came to his conclusions.