Estate Settlement Appraisals in HI by First Hawaiian Bank Appraisal Department

Settling an estate is an important and sometimes stressful job. As an executor you have been entrusted to carry out the wishes of the deceased as swiftly 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.

Part of First Hawaiian Bank Appraisal Department's company goal is to offer top-notch, ethical appraisals that attorneys can rely on. We comprehend their needs and are used to working with all parties involved. Among our staff, we are used to interacting with legal agencies in assembling reports that exceed their needs.

Settling an estate commonly requires an appraisal to determine fair market value for the residential property involved. We empathize that when you lose a loved one, ordering an appraisal is the furthest thought from your mind. Due to this, there is a chance that the time of death differs from the date the appraisal is ordered. First Hawaiian Bank Appraisal Department assures that we are knowledgeable about the procedures and requirements needed by revenue services to supply a retroactive appraisal with an effective date and fair market value estimate matching the date your loved one passed away. The ethical obligations stated within the Uniform Standards of Professional Appraisal Practice (USPAP) binds our staff to confidentiality, ensuring the fullest degree of privacy for you.

All too often, people do not fully acknowledge the necessity in having a complete appraisal report produced in support of the numbers being used in tax documents filed with revenue authorities.

One of the most significant requirements in an appraisal is an appraiser-supported opinion of value in a detailed explanation as to how the appraiser came to his conclusion. Such a report will certainly demonstrate to the IRS that the numbers used are well-founded and substantiated.

Having a professional report from First Hawaiian Bank Appraisal Department gives the executor solid facts and figures to work with in meeting IRS and HI state agency requirements. It assures peace of mind to everyone concerned because we will always be there to stand behind the appraisal report if it is ever challenged.

Opinions of value displayed in documents provided to the the IRS and HI state agencies definitely should be supported by an accurate report as to how the appraiser arrived at his conclusions.