Estate litigation can quickly break down into litigious, bitter acrimony where it concerns the equitable distribution of an estate among heirs.
Before conclusively dividing assets, the probate court will likely require a thorough, accurate appraisal of the estate’s total contents, depending on the estate and its heirs’ stated needs.
For just this reason, we could not possibly oversell the importance of qualified, thorough and current appraisals early in and throughout the estate-planning process. This key summation provides valuable benchmark insights for estimating estate taxes and anticipating distribution and donation values. More importantly than anything else, it grants peace of mind to loved ones at their lives’ ends through the knowledge that there is an absolute finality to the division of their treasured objects without emotionally wounding litigation.