As some of you may have gathered, my FIL just passed away. He has his house and other property which will be sold after a few months. What is an acceptable MV for his property at death? If it sells in 3 months, is the sales price acceptable? What if it takes 6 months or a year? If they talk to realtors now who provide a value, would that do? I don't want to get in a situation where they wait too long to sell and are possibly forced to use property tax assessed value. Thanks.
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