Custom Bond Valuations Can Save Clients Money

Barry A. Nelson, a Florida bar board certified tax attorney in the North Miami Beach, Fla., writes: Recently, I was approached by the personal representative for an estate of a wealthy decedent that owned a significant municipal bond portfolio. The representative was concerned because each time he redeemed the decedent's municipal bonds, the sales proceeds were 2 to 3 percent less than the appraised

Barry A. Nelson, a Florida bar board certified tax attorney in the North Miami Beach, Fla., writes:

Recently, I was approached by the personal representative for an estate of a wealthy decedent that owned a significant municipal bond portfolio. The representative was concerned because each time he redeemed the decedent's municipal bonds, the sales proceeds were 2 to 3 percent less than the appraised value obtained from a valuation service used for the decedent's estate tax retu

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