It is never too early to plan for your family’s financial future. If you aren’t certain of the value of your assets, including real estate, your heirs may end up paying more taxes than necessary on their inheritance.
Lawyers and accountants often rely on WesTech’s appraisal figures when calculating real property values for estate planning or when dealing with disputes that require an accurate value placed on real property. We understand their needs and are experienced with dealing with all parties involved. WesTech’s residential appraisal reports meet the requirements of the Courts, Canada Revenue Agency, and various agencies.
A professional appraisal report provides the executor with solid facts and figures to work with in order to meet Canada Revenue Agency requirements. To enable peace of mind for all parties involved, WesTech is always prepared to stand behind our appraisals if they are challenged.
Settling an estate usually requires an appraisal to establish Fair Market Value for the residential property involved. Often, the date of death differs from the date the appraisal is requested. WesTech is experienced with the procedures and requirements of performing a retrospective appraisal with an effective date and Fair Market Value estimate that matches the date of death. The ethics provision within our Standards binds us with confidentiality, ensuring the highest degree of discretion.