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Estate Tax

Who determines the value of my estate


The task of valuing your estate will be left to the executor of your will.
If you formed a living trust, the duties will be performed by the trustee. The executor or trustee might have to call in certain appraiser professionals for help.
A real estate broker or appraiser might be used to value your home.
The Internal Revenue Service requires that all estates be valued at the time of a taxpayer's death in order to determine whether any estate taxes are due.
Answer Provided by: CPAdirectory

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