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Understand the importance of accurate valuation

We recently discussed how seriously you should take the valuation of an estate. This is a huge factor, especially when there are issues with will contests or claims against the estate. We understand that you might not understand exactly what you need to do. We are here to help you learn about estate valuations and develop a plan to get this taken care of.

There are many different types of assets that might need to go through the valuation process when it comes to an estate. One of these is real estate holdings. If this is a factor, you need to carefully consider the value. Many people think that the amount property was purchased for is a consideration here. That is a false assumption. The value is based on what the property will likely sell for now and what debts are being held against the property.

Another type of asset to think about is an investment account. You might not be able to go by the amount that the account is worth today, so working with someone familiar with valuation is ideal.

It is necessary to think carefully about each asset that is in the estate. This can give you an idea of where the estate is at any given time. If there are creditor claims against the estate, this can help you gauge what might be left after the creditor claims are settled.

We can help you to find out everything you need to know about this facet of handling an estate. Being prepared in these cases might be beneficial.

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