Understanding Estate Valuation in the USA
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Estate valuation in the USA is the process of determining the fair market value of a deceased person’s assets, including real estate, investments, personal property, and business interests. This evaluation is essential for estate planning, tax assessment, probate proceedings, and equitable asset distribution among heirs. It ensures compliance with federal and state tax regulations while providing accurate figures for legal documentation. Estate valuation considers market conditions, property appraisals, and financial records to establish a precise value. This process plays a vital role in minimizing disputes, ensuring fairness, and facilitating smooth estate settlement for beneficiaries and executors. Estate valuation determines the fair market value of assets for legal, tax, and distribution purposes in estate planning and settlement.