Estate Valuation

In a recent post, this blog discussed the inventory, an important document that is filed at the outset of the administration of an estate. The inventory of an estate gives the family and other heirs their first clear indication of what assets are in an estate and what...

In Minnesota, a duly appointed personal representative has an obligation to file what is called an inventory of a deceased person's estate. The personal representative must file this inventory with the court, especially when the court is supervising the administration...

As a recent post on this blog discussed, sometimes, the correct estate valuation of a Minnesota estate hinges upon how much a private business, family-held or otherwise, is worth. This can be difficult to determine because, unlike publicly traded companies, there is...

As this Minnesota blog has discussed in the past, sometimes, probate litigation arises because a family cannot agree on how to value a family business when a long-time owner and manager dies. This type of dispute is difficult because most family businesses are not...

This blog has on previous occasions discussed how Minnesota residents can go about placing a dollar value on items that can prove difficult to price. Estate valuation can be a touchy subject during the probate process precisely because some of the most valuable items...

Although this blog has discussed probate disputes between family members extensively, Saint Paul residents also need to realize that sometimes, probate litigation can emerge from outside of the family itself. For example, third party creditors can allege that the...

Last week's post on this blog discussed how Saint Paul, Minnesota, residents may have to place a value on personal property in order to resolve a probate dispute or trust dispute over the value of an estate. Although some personal property, like bank accounts or...

A recent post on this blog discussed how those involved in probate disputes can accurately place a value on a home or other piece of real estate. However, in addition to the family home or farm, most Minnesota estates that wind up in probate will also contain personal...

One of the most common and most valuable items that Minnesota residents usually find in a probate estate or a trust is a family residence or similar piece of real estate. Sometimes, these homes are relatively modest and pretty easy to put a value on by asking a...

The last several posts on this blog have discussed the valuation of stock or other types of interest in a business within the context of probate litigation. Although valuing an interest in a business is simple enough for stocks that are traded on the open market, it...