Johnney Chen knows 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 quickly and with as much dignity as possible. You can count on us to act quickly and with as much empathy to the feelings of everyone left behind.

Attorneys and accountants count on our conduct when calculating real property values for estates, divorces, or other disputes requiring a worth being placed on real property. There are specific needs for everyone; we comprehend these necessities and are comfortable to working with all parties involved. We furnish appraisal reports that out-strip the requirements of the courts and assorted groups.

Contact us as soon as possible to discuss your exact estate appraisal needs and how we can put our experience to work for you.

Commonly, settling an estate necessitates an irrefutable appraisal report to ascertain fair market value for the house to the satisfaction of the parties involved. We empathize that in this time of loss, acquiring an appraisal report is the furthest thought from your mind. Due to this, it is possible that the time of death differs from the time the appraisal is required. Our professional staff is familiar with the procedures and requirements necessary 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 requirements stated within the Uniform Standards of Professional Appraisal Practice (USPAP) conforms our staff to confidentiality, ensuring the highest degree of privacy for you.

Many people do not understand that the IRS requires reports filed to explain the numbers involved in estate sales.

One of the most essential requirements in an appraisal report is an appraiser-supported opinion of value in a comprehensive reason as to how the appraiser came to his conclusion. Such a report will clearly demonstrate to the authorities that the numbers used are accurate and substantiated.

Having a professional appraisal report from Johnney Chen gives the executor irrefutable facts and figures to work with in exceeding IRS and CA 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 refuted.

Opinions of value shown in documents provided to the the IRS and CA state agencies absolutely should be supported by a comprehensive report as to how the appraiser arrived at his conclusions.