A Comprehensive Look at Estate Valuation

Estate valuation is the process of assessing the fair market value of a deceased individual’s assets, including real estate, investments, personal property, and business interests. This valuation is essential for estate planning, probate proceedings, and calculating federal or state estate taxes. Accurate valuation ensures proper distribution of assets among heirs and compliance with legal requirements. Valuation methods may vary depending on asset types and applicable regulations. In the USA, estate valuation plays a key role in resolving disputes, fulfilling tax obligations, and guiding executors through the administration of estates. It also provides clarity and transparency for all involved parties.