Estate Value Calculation Guide

Summary

When managing an estate, unpaid debts such as HOA fees should be subtracted from the estates total value. For example, if a house is valued at $200,000 and there are $303 in unpaid HOA fees, the estate value would be $199,697. List all known assets and debts, including house value, bank accounts, investments, vehicles, personal property, and any outstanding debts like mortgages or loans. If unsure about specific values, estimate to the best of your ability and indicate that some values are estimates.

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so if his house is *,* and his owes back HOA fees. How much do I put for the estate?
You should subtract the unpaid HOA fees from the total value of the estate.
- House value: $*,*
- Unpaid HOA fees: $*
Total estate value: $*,* - $* = $*,*
Do you have any other debts or assets that need to be considered?
I don't know how to fill this out if my husband estimated value of his value is *,* for his house but I don't know how much everything else is. How do I fill this out: $*,*.*
You should list all known assets and debts. Here's a basic guideline:
- Assets: Include the house value, bank accounts, investments, vehicles, personal property, etc.
- Debts: Include unpaid HOA fees, mortgages, credit card debts, loans, etc.
If you're unsure about specific values, estimate to the best of your ability and indicate that some values are estimates.
Do you have a list of other assets or debts?