Wills, Trusts, and Probate Week CD
... Trusts, and Probate Week CD of Wills, Trusts, and Probate Week CD There are different methods of e valuation which provides information regarding the value of a specific interest in a property on a certain occasion for a specific purpose (Lamance, 2011).
Alternative Valuation Method
The term “Alternate valuation method” deals with the total value of the all the assets of estate at the time of the death of the person for the purpose of a tax on the estate of the deceased person on a date different to that of his death, generally a year after the date of his death (Definitions.uslegal.com, 2001).
There are five methods for determining the value of an individual’s property, which are as follows (Lamance...