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Asked in LA May 21, 2022 ,  0 answers
Is it necessary for real property of the decedent to be appraised? Estate is under federal estate tax threshold. Property may be sold in a year or two after date of death. Executrix wants to use decedent's arbitrary guess of value, which varied wildly from 2007 to 2008.
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2 Answers

Anonymous
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Posted on / Mar. 19, 2010 16:39:00

I agree with Mr. Maguire. Every lawyer who has done successions, has placed an arbitrary value on real estate to place a value in the detailed descriptive list that is filed with the succession. Unless the succession has a great value, or many accounts or many pieces of property, then it should be concluded very quickly. There should be no reason for the executive to take much time obtaining a Judgment of Possession.

Anonymous
Reply

Posted on / Mar. 19, 2010 16:39:00

I agree with Mr. Maguire. Every lawyer who has done successions, has placed an arbitrary value on real estate to place a value in the detailed descriptive list that is filed with the succession. Unless the succession has a great value, or many accounts or many pieces of property, then it should be concluded very quickly. There should be no reason for the executive to take much time obtaining a Judgment of Possession.

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