My brother died. How do we put a value on his property?

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There are practices to follow to value someone's property after their death.

Karin Price Mueller | NJMoneyHelp.com for NJ.com

Q. I am the executor of my brother’s estate in New Jersey. What are the acceptable guidelines for an asset of the estate’s inventory? We will have Kelly Blue Book appraisal for the vehicle and the property tax value of his home. Are these adequate? What kind of detail would we need for the household items, most of which will be donated, but otherwise have little value?If you purchase a product or register for an account through one of the links on our site, we may receive compensation.

 

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