FINDING OUT THE VALUE OF AN ESTATE USING AN APPRAISER

When an individual in Florida inherits something from a relative’s estate, it could be difficult to know what the inheritance is worth. A professional appraiser may be able to help a person understand the value of the assets and property that he or she might receive from a benefactor’s estate.

Whether an appraisal is done for the purpose of valuing an estate, buying insurance, dividing up assets or pinpointing the value of a charitable gift for tax purposes, a professional appraisal could be an invaluable first step. In some cases, it could also actually be a requirement, such as for proving a tax deduction or for obtaining insurance.

Professional appraisers can also be a source of excellent advice when a client is in a vulnerable position, like after the death of a loved one. Not knowing the value of a deceased family member’s estate could be overwhelming for a person, and a professional evaluation of assets may be able to help a person make informed decision.

In many cases, an individual might try to estimate the value of certain assets by using the Internet. In most cases, however, the Internet might not provide accurate information regarding an object’s value. That is one of the reasons that consulting with a professional appraiser may be an important method of valuation.

When Florida residents are worried about the valuation of an estate, they might want to seek professional help. An attorney who handles regularly handles issues regarding estate planning and administration could help a person estimate the value of an estate. In addition, that attorney may be able to help clients prepare the necessary documents for executing the estate in a way that reflects a benefactor’s wishes.

Share this on...Share on FacebookTweet about this on TwitterShare on LinkedInShare on Google+Email this to someone

Written by Luis E. Barreto

Luis E. Barreto

Luis is a probate and guardianship litigator with over 23 years of experience in the field. Determination of heirs, will contests, breaches of fiduciary duty, removal of personal representatives, guardians and trustees are just some of the types of litigation he addresses. In addition, he administers non-contested estates and guardianships.