Estate valuation is a critical process that plays a significant role in determining inheritance and estate taxes.  The valuation of an estate includes calculating the total market value of all the assets owned by a deceased person at the time of their death.  This process is essential for both legal and financial reasons, as it directly impacts the amount of taxes owed and the distribution of assets to beneficiaries.  This article will delve into the intricacies of estate valuation, how it affects inheritance and estate taxes, and the steps involved in accurately assessing an estate's value. Understanding Estate Valuation Estate valuation is the process of determining the fair market value of all assets within an estate.  These assets can include real estate, stocks, bonds, retirement accounts, business interests, personal property, and other valuables.  The fair market value is essentially the price [...]