Why You Can't Wait Until After Probate to Value Inherited Property
Your father passed away three months ago. You're the executor. The funeral's handled, the will's filed, and you've got a house full of his belongings to sort through — antiques, jewelry, collectibles, furniture. You figure you've got time. Probate takes months, maybe a year. You'll deal with valuations later. Here's the thing — the IRS doesn't care about your timeline. The day your...
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