During an estate administration, you may need appraisals for some or all of the estate property. It is important to know when an appraisal is necessary.
Articles about Inventory and Appraisal
How do you evaluate the decedent’s coin collection or racehorses? What about sculptures or a sailing boat? Ask San Diego probate attorney Scott Grossman.
San Diego probate attorney Scott Grossman clarifies what the estate representative should do with the decedent’s motor home, tools, furniture, and the like.
Unsure how to value the assets of an estate? View here for an overview of valuation methods from a Riverside estate attorney.
An inventory & appraisal is mandatory and must be put together correctly and filed in every California probate.
What happens to my loved one’s property if they die and they had a will? Well, that will depend on the terms of their will. Assuming that there is no challenge or you overcome the challenge, then the judge admits the will to probate.
Does Community Property Have to Go Through Probate? Well, we have to actually look at the deed to see what it is that is going to happen. You can take title as community property with or without right of survivorship. This matters!
When Do I Get My Money from the Probate? The short answer is nobody’s supposed to get anything until probate closes. And how long that will take will depend upon the assets that are going through probate and also the county that you’re in.