Using an Inventory & Appraisal for Probate
July 5, 2023
When someone passes away, the probate process is used to distribute and manage the assets of the deceased. An inventory & appraisal is a crucial part of the probate process as it assesses and documents the value of the assets. In this article, we will discuss why an appraisal is important in the probate process, what an inventory & appraisal involves, the types of assets it tracks, qualified appraisers for it, the length and cost of the appraisal, accuracy, the benefits of using a professional appraiser, what heirs need to know, and how an appraisal can be used to protect the estate.