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Estate Tax Law
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What is considered the "right" value in appraising property for federal estate taxes?

What is the appropriate value, of course, depends on the assets. For appraisal purposes, on a home, use comparable sales, or if there is no market, the highest price; for that Van Gogh painting, use auction prices or appraisals; insurance policies in your name, the face value; for a sole proprietorship, use the balance sheet for the valuation date; Microsoft stock, the average of the high and low selling prices quoted on the valuation date; jewelry, its retail value; your yacht, try a yacht broker for an appraisal; employee benefits, the value of the payments made to the beneficiaries.


Related Information
» General Estate Tax Law Questions
» Liability
» Trusts
» Wills
» Estate plan
» Marital deduction
» Exemption
» Gross estate
» Unified credit
» Rate
» Charitable deduction
» Credits against tax
» Generation Skipping transfer tax
» Family-owned businesses
» Returns and payment
» Farms
» State taxes on death

Topics Related To Estate Tax Law
» Tax Law
» Corporate Tax Law
» Estate Tax Law
» Gift Tax Law
» Income Tax Law
» Property Tax Law
» Tax Enforcement
 
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