![]() Benjamin Hosfield understands the special needs of estate executorsSettling an estate is an important and sometimes stressful task. As an executor you have been entrusted to carry out the wishes of the departed as swiftly and respectfully as possible. You can count on us to act quickly and with as much empathy to the feelings of everyone involved. Attorneys and accountants count on our ideals when calculating real property values for estates, divorces, or other disputes requiring a worth being placed on real property. We cater to their needs and are familiar with dealing with all parties involved. In our company, we are accustomed to interacting with legal agencies in assembling reports that out-strip their necessities. Contact us as soon as possible to discuss your specialized estate appraisal needs and how we can put our knowledge to work for you. Settling an estate usually requires an appraisal to determine fair market value for the house affected. We sympathize that when you lose a loved one, even thinking about an appraisal report is the furthest thought from your mind. Due to this, often the date of death differs from the time the appraisal is required. Benjamin Hosfield assures that our staff are knowledgeable about the procedures and requirements requested by the IRS and MN revenue agencies to perform a retroactive appraisal with an effective date and fair market value estimate matching the date of death. The ethics provision listed within the Uniform Standards of Professional Appraisal Practice (USPAP) keeps us to confidentiality, certifying the strongest degree of discretion for you and your loved ones. People often forget that the IRS requires documents filed to express the numbers involved in estate sales. One of the most significant requirements in an appraisal is an appraiser-backed opinion of value in a detailed explanation as to how the appraiser came to his conclusion. Such a report will definitely demonstrate to the authorities that the numbers used are well-founded and correct. Having a professional appraisal report from Benjamin Hosfield gives the executor undeniable facts and figures to work with in going beyond IRS and MN state agency requirements. It assures peace of mind to everyone concerned because we assure you that we will stand behind the appraisal if it is ever challenged. One of the most essential requirements in a report is an appraiser-supported opinion of value in a detailed reason as to how the appraiser came to his conclusion. |