Question: If an asset of an estate has no readily ascertainable
If an asset of an estate has no readily ascertainable fair value, how should it be presented/valued on the charge/discharge statement?
Answer to relevant QuestionsHow does an executor discover the claims against an estate?How is the federal estate tax computed? What is the purpose of the charge and discharge statement that the executor of an estate issues?In the initial accounting for an estate, why does the executor record only the assets?Marie Hardy’s will has the following provisions:“I leave the cash balance deposited in the First National Bank (up to a total of $50,000) to Jack Abrams. I leave $18,000 cash to Suzanne Benton. I leave 1,000 shares of ...
Post your question