Estate valuation determines the fair market value of an individual's assets, including property, investments, and personal belongings. This process is essential for estate planning, tax compliance, and the equitable distribution of assets among beneficiaries. Professional appraisers assess factors like market trends, asset condition, and comparable sales to ensure accurate evaluations. In the USA, estate valuation plays a critical role in legal and financial matters, providing clarity and minimizing disputes during asset transfers or tax filings.
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