The Misunderstood Appraisals

The Misunderstood Appraisals

Various approaches for probate, donation, insurance or distribution can create different values for the same object

There’s a common misunderstanding that an appraised value is singularly remarkable, that is, that the fair market value (FMV) of an item is substantially the same for all purposes. Nothing could be further from the truth. Estate-planning professionals often don’t understand the assortment of appraisal designs, each of which will create vastly differing

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