Estate Tax Appraisal

Estate Tax Appraisal is the process of determining the fair market value of a deceased person's assets at the time of their death. This valuation includes property, investments, personal belongings, and other assets, and is used to calculate if any estate taxes are owed to the government. Accurate appraisals ensure that the estate is correctly assessed, preventing over- or under-taxation. Professional appraisers consider factors like current market conditions and asset specifics to provide an objective valuation, which is crucial for legal and tax purposes during estate settlement.