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What is the value of land when husband dies and the land goes to the wife?
Wiki User
∙ 15y ago
That depends on the land itself. Every piece of land has a different value in terms of dollars. Where the land is, what its near, how big it is etc... the land will have to bbe apraised by someone professional. At the time of death, have its value assessed professionally. Then, assuming the property is held JTWROS (joint tenancy with right of survivorship - default for owning property jointly with a spouse) the spouse receives the property outright, with half of the property receiving an increase in cost basis equal to 1/2 of the estimated value, and the other half having the original adjusted cost basis. If that confuses you, contact a good estate tax accountant.
Wiki User
∙ 15y ago
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If the husband who owned a house dies what does the wife inherit?
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The value of farm land in Georgia, USA can vary widely depending on factors such as location, soil quality, size of the land, proximity to urban areas, and current market conditions. On average, farm land in Georgia can range from a few thousand dollars per acre to several thousand dollars per acre. It is recommended to consult with a real estate agent or appraiser for a more accurate valuation.
