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Helping clients with estate valuation questions

As previous posts on this blog have discussed, one of the hardest things to do in the probate process is to place a value on the deceased person's assets. This is a particularly complicated task when the property involved is hard to value, such is in the case of antiques and collectibles, intellectual property like copyrights and, especially, the value of a small business that does not trade on the public markets.

Sometimes, disputes about how much an asset is worth can spill over into litigation. While this litigation can involve family members or other heirs who do not feel an estate is being divided fairly, in other cases, the litigation may involve a taxing authority who feels that the value of the estate, and thus the tax owed, is understated.

As with other probate disputes, it is vital in these sorts of cases to have an experienced attorney who both understands the probate process and who knows his way around the courtroom.

Trying to handle a major probate case about the value of an estate can be a recipe for disaster for many Fresno County residents not because they are incompetent, but simply because they might not be familiar with how one puts a value on property that has no easily discernable sale price. Such people may be even less familiar with how to make their argument in court, especially if they have no prior experience with the court system.

As a tax law specialist, the attorney at our law office is able to help with all kinds of difficult and contentious questions about the value of an estate's property, whether the questions center around how an estate ought to be divided or how much tax is owed.

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Law Office of Jeffrey B. Pape, P.C.
642 Pollasky Avenue
Suite 100
Clovis, CA 93612

Toll Free: 800-797-5677
Fax: 559-299-0920
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