What's The Difference Between Insurance And Estate Appraisals?
It is recommended that insurance records be updated every few years to reflect the changing values of jewelry
. Estate appraisals are usually not completed until probate, although in some cases it may be advantageous to have them earlier, such as in the case of trusts, where by establishing a higher tax basis now, the tax liability for beneficiaries may be less at the time of distribution.
What's The Difference Between Insurance And Estate Appraisals?