Legal Question in Wills and Trusts in New York
value of investment funds
When is the value of investment funds belonging to the deceased determined? Is it date of death or date of probate, or something other than that? Thank you very much.
Asked on 7/24/02, 7:58 pm
1 Answer from Attorneys
Norman Nadel
Norman Nadel, Esq.
Re: value of investment funds
As the saying goes, different strokes for different folks.
Assets are valued as of the date of death for accounting and tax purposes (although an alterante valuation may be made for estate tax purposes).
For distribution purposes the money obtained on sale or the value at the date of distribution is pertinent.
Investments held by a decednt on July 1, 2002 lost value until sold.
You have to explain what your concern is.
Answered on 7/25/02, 8:58 am
Related Questions & Answers
Looking for something else?
10,200 active attorneys ready to answer your legal questions today.
Featured Attorneys
Earn additional revenue and grow your business.
