Understanding estate valuation in Maryland

Posted by Angela Holliday Hansen Esq. | Apr 08, 2015 | 0 Comments

Estate valuation is an important part of administering a trust in Rockville, Maryland. In addition, estate valuation may be necessary for estates that are going through the probate process, as well. For distribution purposes, it is important to have a complete inventory of a person's assets.

An estate can be valued prior to creating a will or a trust. This way, the creator of such a document has a full understanding of the value of his or her assets so they can fairly pass them on. In addition, for purposes of probate law, a full inventory of all assets may be necessary. In these situations, the value of the estate must be established.

How is estate valuation accomplished? Many times, a person calls upon professionals to help in such endeavors. This could include experts on certain types of property, such as home appraisal experts, art experts and other professionals experienced in valuing certain types of personal property. It is also important to value intangible property, such as retirement accounts, stocks and bonds. There are also professionals available to help in such endeavors.

In addition, a person may seek legal help when it comes toestate valuation. A probate lawyer may understand what is necessary to create an estate planning document and he or she also will understand what happens during the probate process. An attorney may be able to explain the details of these processes, which may be of great comfort when one is dealing with a loved one's death. You can take a look at this page on estate valuation to find out more about this important topic.

About the Author

Angela Holliday Hansen Esq.

Angela Holliday Hansen, Esq., is a former big firm corporate attorney who now practices family law in Rockville Maryland. Ms. Hansen oversees complex estate administration and drafts...

Comments

There are no comments for this post. Be the first and Add your Comment below.

Leave a Comment

Serving the following areas:

Hansen Legal & Mediation Services in Rockville, Maryland, serves Montgomery County and nearby communities of the Washington, D.C., area, including Bethesda, Chevy Chase, Gaithersburg, Silver Spring, Potomac, Germantown, Olney, Burtonsville, Takoma Park, Kensington, Wheaton, Aspen Hill, Clarksburg, North Potomac and Baltimore.

200 A Monroe St
Suite 310

Rockville, MD 20850
301-690-0383
Mon, Tue, Wed, Thu, Fri: 09:00am - 05:00pm
200 A Monroe St
Suite 310

Rockville, MD 20850
301-690-0383
Mon, Tue, Wed, Thu, Fri: 09:00am - 05:00pm

Menu