Estate-Tax Valuation — Real Property

The value of any real property as of a given date is subject to widely differing opinions. If there is no market for the property, it should be valued at (a) the highest price available, or (b) the amount it will bring as salvage, whichever is greater. If there is a...

Attacking a will

Attacking a Will When a person dies with an effective will in place, the will may be submitted to a court for “probate.” During this court procedure, the will can be declared valid and binding on the estate of the decedent. In addition, debts are paid,...

Will Contests

Will Contests — Lack of Testamentary Capacity, Improper Execution, Bogus Will You cannot contest a will simply because you don’t like the provisions, or because you received less than you felt you should have received, or because the provisions were, in...