Understanding Date of Death Appraisal: A Crucial Step in Estate Planning
When a loved one passes away, there are numerous legal and financial matters to settle. One essential component of estate administration is the Date of Death (DOD) appraisal. This valuation serves as the official market value of a deceased person’s property or assets on the exact date of their death. Whether you’re a family member, executor, or legal professional, understanding DOD appraisals is crucial for estate planning and tax purposes.