Estate Division Valuation
By Rubina Posh January 21,2017
The value of the Estate Division Valuation is established upon the instructions given by the lawyer or executor of the will.
If the figure is based on the current market value for insurance purposes, the process will be the same as the Traditional Retail Replacement Valuation.
If there are different requirements such as a forced sale for the money to be divided between the family members, then a few different options are available.
Some of these include:
Second Hand Replacement; Auction Reserve or Private Sale.
Irrespective of which valuation is provided, the valuations will consist of a description of the item, manufacturing process, type of metal and its weight, what type of gemstones are used and their total weight as well as any other information that will affect the final value of the item, such as, the condition and desirability and collectability of the item, as some items attract a premium.