Estate Value

WOndering the value of an estate that I am an heir to. How do I find out value??

Asked on June 30, 2009 under Estate Planning, Illinois

Answers:

B. B., Member, New Jersey Bar / FreeAdvice Contributing Attorney

Answered 11 years ago | Contributor

At some point, the personal representative of the estate should be able to tell you that.  If there's real estate, jewelry or collectibles, there are people with qualifications to give appraisals on those assets.  The assets and debts have to be collected and sorted out, the debts and expenses of administration and the funeral have to be paid.  There may be estate taxes as well.  But, if the estate is substantial, you should get a written accounting of it all.  If you have any questions about the accounting -- or if there's something going on with the estate that concerns you, please consult with an attorney in your area.  One place to find a qualified lawyer is our website, http://attorneypages.com


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