Estate Valuation Dispute Guidance

Summary

In Utah, the valuation date for estate assets is generally the date of death. If distribution occurs significantly later, adjustments may be necessary. Disputes over asset appraisals, such as raw land, can arise, and consulting a local estate attorney can provide guidance on case law and fiduciary duties.

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In Utah, what is the chapter and verse of the estate law indicating what is the valuation date to be used for an estate of a deceased person to value the assets of the estate being distributed to the beneficiaries. Is the valuation date supposed to be the date of death of the pass through trustee or is the valuation date supposed to be near the date of distribution if the estate has gone significantly past the date of death? How far is "significantly past the date of death"?
Hey ****! I can provide general information about California law, but for specific legal references related to Utah estate law, you might want to consult the Utah Code. Generally, the valuation date for estate assets is the date of death of the decedent. However, if the estate is distributed significantly later, the valuation might need adjustment.
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Also, the dispute is about the value of a piece of Raw Land in the estate and what is the value of it? Is there case law where a beneficiary is arguing disputing about the value of the land in the trust and dispute about the appraisals provided by several credentialed appraisers? Are there court cases in Utah, about how differing appraisal values were mediated? Are there case examples of where the beneficiary sued the trustee in charge of disbursing the assets because the trustee did not do their fiduciary duty in evaluating the assets?
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It seems like a potentially strong case involving estate valuation and disputes over asset appraisal.
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It seems like a solid case involving estate valuation and asset appraisal disputes. A lawyer specializing in estate law can provide the most accurate guidance and representation. Good luck with your case! If you have any more questions in the future, feel free to ask.