LP Appraisals does divorce and estate appraisals. We can make the process very fast and smooth for you and your client with minimal effort on your part at very competitive pricing. We solve your value problem and save you time and money in a confidential, discreet and professional manner. We do:
Finalizing a divorce involves many decisions, including "Who gets the house"? There are generally two options regarding the house - it can be sold and the proceeds divided, or one party can "buy out" the other. In either case, one or both parties should order an appraisal of the residence. Divorce appraisals require a well supported, professional appraisal that is defensible in court. When you order an appraisal from us, you are assured that you will get the best in professional service, courtesy, and the highest quality appraisal. We also know how to handle the sensitive needs of a divorce situation. Attorneys and Accountants rely on our values when calculating real property values for estates, divorces, or other disputes requiring a value being placed on real property. We understand their needs and are used to dealing with all parties involved.
We provide appraisal reports that meet the requirements of the courts and various agencies. As an attorney handling a divorce, your needs oftentimes include an appraisal to establish fair market value for the residential real estate involved. Often the divorce date differs from the date you order the appraisal. We are familiar with the procedures and requirements necessary to perform a retroactive appraisal with an effective date and Fair Market Value estimate matching the date of divorce. The ethics provision within the Uniform Standards of Professional Appraisal Practice (USPAP) binds us with confidentiality, ensuring the fullest degree of discretion.
Date of death valuations
Estate tax liability. Disposition of assets under a will or in probate. There are many situations where you might need an appraisal of property that states an opinion of what the property was worth on a date some time ago, rather than when the appraisal is ordered. For estate tax purposes or disposition of the assets of a decedent, a "date of death" valuation is often required. Sometimes, the executor of the estate may choose to have the date be six months after the date of death – but the same principles apply.
Attorneys, accountants, executors and others can rely on LP Appraisals, Ltd. for "date of death" valuations because such appraisals require special expertise and training. They require a firm that's been in the area for some time and can effectively deliver the very best appraisal possible.
Palatine, IL 60067
PH: (847) 791-0371
©2019 LP Appraisals.