Results for: What_is_fair_market_value_of_property

If coexecutor-beneficiary of taxable Estate wants to purchase the family home at appraised value which is significantly lower than market how do you determine fair distribution without wasting to tax?

The appraised value is supposed to arrive at fair market value. Remember that property owned by a decedent gets a new basis, which is equal to the value as of the date of death. When a buyer purchases the property… Full Answer