Gross Estate and Valuation
Determining Estate Value
The gross estate generally includes real estate, securities, business interests, retirement accounts, life insurance under certain circumstances, and other property interests. Assets are generally valued using their fair market value at the applicable valuation date.
- Real property.
- Investment securities.
- Business ownership interests.
- Certain life insurance proceeds.
- Retirement assets.
- Personal property.
Note
Proper valuation is one of the most important steps in determining the taxable estate.
Summary
Accurate valuation establishes the foundation for estate tax calculations.