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Estate Appraisal
Estate Appraisal
As I have noted elsewhere, The success of an appraisal requires a critical understanding of the purpose for which the appraisal is needed.In an actual case, culminating in a 700 page plus appraisal, the advisor had the appraisal done for estate tax purposes and, looking for a shortcut, made use of that estate tax valuation (Fair Market Value) appraisal in order to determine the value of tangible asset as part of an equitable distribution, including cash, to embattled heirs.
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