{"id":215032,"date":"2024-09-28T03:11:21","date_gmt":"2024-09-28T03:11:21","guid":{"rendered":"https:\/\/namso-gen.co\/blog\/how-do-you-value-personal-belongings-for-estate-tax\/"},"modified":"2024-09-28T03:11:21","modified_gmt":"2024-09-28T03:11:21","slug":"how-do-you-value-personal-belongings-for-estate-tax","status":"publish","type":"post","link":"https:\/\/namso-gen.co\/blog\/how-do-you-value-personal-belongings-for-estate-tax\/","title":{"rendered":"How do you value personal belongings for estate tax?"},"content":{"rendered":"<p>When it comes to estate taxes, determining the value of personal belongings can be a complex task. Executors and beneficiaries must assign a fair market value to the deceased individual&#8217;s personal assets for tax purposes. But how do you go about valuing personal belongings for estate tax? In this article, we will delve into the process and provide some helpful insights.<\/p>\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_62 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title \" >Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/namso-gen.co\/blog\/how-do-you-value-personal-belongings-for-estate-tax\/#Valuing_personal_belongings_A_step-by-step_guide\" title=\"Valuing personal belongings: A step-by-step guide\">Valuing personal belongings: A step-by-step guide<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/namso-gen.co\/blog\/how-do-you-value-personal-belongings-for-estate-tax\/#1_Determine_the_date_of_death\" title=\"1. Determine the date of death\">1. Determine the date of death<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/namso-gen.co\/blog\/how-do-you-value-personal-belongings-for-estate-tax\/#2_Identify_the_personal_belongings\" title=\"2. Identify the personal belongings\">2. Identify the personal belongings<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/namso-gen.co\/blog\/how-do-you-value-personal-belongings-for-estate-tax\/#3_Engage_a_professional_appraiser\" title=\"3. Engage a professional appraiser\">3. Engage a professional appraiser<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/namso-gen.co\/blog\/how-do-you-value-personal-belongings-for-estate-tax\/#4_Understand_fair_market_value\" title=\"4. Understand fair market value\">4. Understand fair market value<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/namso-gen.co\/blog\/how-do-you-value-personal-belongings-for-estate-tax\/#5_Consider_obtaining_multiple_appraisals\" title=\"5. Consider obtaining multiple appraisals\">5. Consider obtaining multiple appraisals<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/namso-gen.co\/blog\/how-do-you-value-personal-belongings-for-estate-tax\/#6_Document_and_preserve_evidence\" title=\"6. Document and preserve evidence\">6. Document and preserve evidence<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-8\" href=\"https:\/\/namso-gen.co\/blog\/how-do-you-value-personal-belongings-for-estate-tax\/#7_Review_IRS_guidelines\" title=\"7. Review IRS guidelines\">7. Review IRS guidelines<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-9\" href=\"https:\/\/namso-gen.co\/blog\/how-do-you-value-personal-belongings-for-estate-tax\/#8_Seek_legal_advice\" title=\"8. Seek legal advice\">8. Seek legal advice<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-10\" href=\"https:\/\/namso-gen.co\/blog\/how-do-you-value-personal-belongings-for-estate-tax\/#9_Be_aware_of_any_exemptions_or_deductions\" title=\"9. Be aware of any exemptions or deductions\">9. Be aware of any exemptions or deductions<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-11\" href=\"https:\/\/namso-gen.co\/blog\/how-do-you-value-personal-belongings-for-estate-tax\/#10_File_the_appropriate_tax_forms\" title=\"10. File the appropriate tax forms\">10. File the appropriate tax forms<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-12\" href=\"https:\/\/namso-gen.co\/blog\/how-do-you-value-personal-belongings-for-estate-tax\/#11_Retain_records_for_a_specified_period\" title=\"11. Retain records for a specified period\">11. Retain records for a specified period<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-13\" href=\"https:\/\/namso-gen.co\/blog\/how-do-you-value-personal-belongings-for-estate-tax\/#12_Periodically_review_and_update_valuations\" title=\"12. Periodically review and update valuations\">12. Periodically review and update valuations<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-14\" href=\"https:\/\/namso-gen.co\/blog\/how-do-you-value-personal-belongings-for-estate-tax\/#Frequently_Asked_Questions_FAQs\" title=\"Frequently Asked Questions (FAQs)\">Frequently Asked Questions (FAQs)<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-15\" href=\"https:\/\/namso-gen.co\/blog\/how-do-you-value-personal-belongings-for-estate-tax\/#1_Can_I_value_personal_belongings_based_on_their_purchase_price\" title=\"1. Can I value personal belongings based on their purchase price?\">1. Can I value personal belongings based on their purchase price?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-16\" href=\"https:\/\/namso-gen.co\/blog\/how-do-you-value-personal-belongings-for-estate-tax\/#2_Are_all_personal_belongings_subject_to_estate_tax\" title=\"2. Are all personal belongings subject to estate tax?\">2. Are all personal belongings subject to estate tax?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-17\" href=\"https:\/\/namso-gen.co\/blog\/how-do-you-value-personal-belongings-for-estate-tax\/#3_What_if_there_is_no_available_market_for_a_particular_item\" title=\"3. What if there is no available market for a particular item?\">3. What if there is no available market for a particular item?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-18\" href=\"https:\/\/namso-gen.co\/blog\/how-do-you-value-personal-belongings-for-estate-tax\/#4_Can_I_use_online_valuation_tools_for_personal_belongings\" title=\"4. Can I use online valuation tools for personal belongings?\">4. Can I use online valuation tools for personal belongings?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-19\" href=\"https:\/\/namso-gen.co\/blog\/how-do-you-value-personal-belongings-for-estate-tax\/#5_Are_gifts_made_during_the_deceased_individuals_lifetime_included_in_the_estate_tax_valuation\" title=\"5. Are gifts made during the deceased individual&#8217;s lifetime included in the estate tax valuation?\">5. Are gifts made during the deceased individual&#8217;s lifetime included in the estate tax valuation?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-20\" href=\"https:\/\/namso-gen.co\/blog\/how-do-you-value-personal-belongings-for-estate-tax\/#6_What_happens_if_the_estate_tax_return_is_audited\" title=\"6. What happens if the estate tax return is audited?\">6. What happens if the estate tax return is audited?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-21\" href=\"https:\/\/namso-gen.co\/blog\/how-do-you-value-personal-belongings-for-estate-tax\/#7_Can_I_contest_the_value_assigned_to_personal_belongings_by_the_IRS\" title=\"7. Can I contest the value assigned to personal belongings by the IRS?\">7. Can I contest the value assigned to personal belongings by the IRS?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-22\" href=\"https:\/\/namso-gen.co\/blog\/how-do-you-value-personal-belongings-for-estate-tax\/#8_Are_there_any_penalties_for_undervaluing_personal_belongings_for_estate_tax\" title=\"8. Are there any penalties for undervaluing personal belongings for estate tax?\">8. Are there any penalties for undervaluing personal belongings for estate tax?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-23\" href=\"https:\/\/namso-gen.co\/blog\/how-do-you-value-personal-belongings-for-estate-tax\/#9_Can_I_donate_personal_belongings_to_reduce_estate_taxes\" title=\"9. Can I donate personal belongings to reduce estate taxes?\">9. Can I donate personal belongings to reduce estate taxes?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-24\" href=\"https:\/\/namso-gen.co\/blog\/how-do-you-value-personal-belongings-for-estate-tax\/#10_Is_there_a_time_limit_for_valuing_personal_belongings_for_estate_tax_purposes\" title=\"10. Is there a time limit for valuing personal belongings for estate tax purposes?\">10. Is there a time limit for valuing personal belongings for estate tax purposes?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-25\" href=\"https:\/\/namso-gen.co\/blog\/how-do-you-value-personal-belongings-for-estate-tax\/#11_Can_I_use_a_different_appraiser_for_each_item\" title=\"11. Can I use a different appraiser for each item?\">11. Can I use a different appraiser for each item?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-26\" href=\"https:\/\/namso-gen.co\/blog\/how-do-you-value-personal-belongings-for-estate-tax\/#12_How_long_does_the_valuation_process_typically_take\" title=\"12. How long does the valuation process typically take?\">12. How long does the valuation process typically take?<\/a><\/li><\/ul><\/li><\/ul><\/nav><\/div>\n<h2><span class=\"ez-toc-section\" id=\"Valuing_personal_belongings_A_step-by-step_guide\"><\/span>Valuing personal belongings: A step-by-step guide<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Valuing personal belongings for estate tax involves several essential steps. Let&#8217;s break it down to better understand the process.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"1_Determine_the_date_of_death\"><\/span>1. Determine the date of death<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>The first step in valuing personal belongings is to establish the date of death. This date serves as the benchmark for determining fair market value.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"2_Identify_the_personal_belongings\"><\/span>2. Identify the personal belongings<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>Compile a comprehensive inventory of the deceased individual&#8217;s personal belongings. This can include jewelry, artwork, antiques, furniture, vehicles, collectibles, and any other valuable possessions.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"3_Engage_a_professional_appraiser\"><\/span>3. Engage a professional appraiser<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>To obtain accurate values for highly valuable or unique items, it is advisable to hire a professional appraiser specializing in estate tax valuation. Their expertise will ensure a proper assessment of personal belongings.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"4_Understand_fair_market_value\"><\/span>4. Understand fair market value<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>It is essential to grasp the concept of fair market value when valuing personal belongings for estate tax. Fair market value represents the amount a willing buyer would pay and a willing seller would accept in an open market.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"5_Consider_obtaining_multiple_appraisals\"><\/span>5. Consider obtaining multiple appraisals<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>In situations where there may be a significant discrepancy in value assessments, it might be wise to seek multiple opinions from different appraisers to ensure a fair and accurate valuation.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"6_Document_and_preserve_evidence\"><\/span>6. Document and preserve evidence<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>Maintain comprehensive documentation and evidence for each item&#8217;s value. This should include appraisals, receipts, invoices, photographs, and any other relevant supporting documents.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"7_Review_IRS_guidelines\"><\/span>7. Review IRS guidelines<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>Familiarize yourself with the Internal Revenue Service (IRS) guidelines governing the valuation of personal belongings for estate tax purposes. This will help you adhere to the legal requirements and avoid potential complications.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"8_Seek_legal_advice\"><\/span>8. Seek legal advice<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>If you find the process overwhelming or if the estate is complex, it is advisable to consult with a qualified estate planning attorney who can provide guidance and ensure compliance with tax laws.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"9_Be_aware_of_any_exemptions_or_deductions\"><\/span>9. Be aware of any exemptions or deductions<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>Certain personal belongings may qualify for exemptions or deductions under estate tax law. It is crucial to be aware of these provisions to potentially reduce the tax burden on the estate.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"10_File_the_appropriate_tax_forms\"><\/span>10. File the appropriate tax forms<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>Complete and file the necessary tax forms, such as Form 706, with the IRS to report the estate&#8217;s value accurately and satisfy legal obligations.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"11_Retain_records_for_a_specified_period\"><\/span>11. Retain records for a specified period<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>Keep all records related to the valuation of personal belongings for the estate tax for a minimum of seven years, as the IRS may request them for audit purposes.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"12_Periodically_review_and_update_valuations\"><\/span>12. Periodically review and update valuations<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>Keep in mind that personal belongings&#8217; value may fluctuate over time. It is prudent to periodically review and update valuations to ensure they remain accurate.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Frequently_Asked_Questions_FAQs\"><\/span>Frequently Asked Questions (FAQs)<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<h3><span class=\"ez-toc-section\" id=\"1_Can_I_value_personal_belongings_based_on_their_purchase_price\"><\/span>1. Can I value personal belongings based on their purchase price?<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>\nNo, personal belongings should be valued based on their fair market value at the time of the deceased individual&#8217;s death.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"2_Are_all_personal_belongings_subject_to_estate_tax\"><\/span>2. Are all personal belongings subject to estate tax?<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>\nOnly personal belongings exceeding the estate tax exemption threshold are subject to estate tax.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"3_What_if_there_is_no_available_market_for_a_particular_item\"><\/span>3. What if there is no available market for a particular item?<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>\nIn cases where there is no established market for a specific item, an experienced appraiser will utilize alternative methods to determine its fair market value.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"4_Can_I_use_online_valuation_tools_for_personal_belongings\"><\/span>4. Can I use online valuation tools for personal belongings?<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>\nWhile online valuation tools can provide a general idea of an item&#8217;s worth, they may not be considered sufficient for estate tax purposes. Professional appraisers are generally the preferred option.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"5_Are_gifts_made_during_the_deceased_individuals_lifetime_included_in_the_estate_tax_valuation\"><\/span>5. Are gifts made during the deceased individual&#8217;s lifetime included in the estate tax valuation?<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>\nGifts made during the deceased individual&#8217;s lifetime may be subject to separate gift tax rules but are generally not included in the estate tax valuation.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"6_What_happens_if_the_estate_tax_return_is_audited\"><\/span>6. What happens if the estate tax return is audited?<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>\nIf the estate tax return is audited, the IRS may request further documentation and evidence to support the valuation of personal belongings. Therefore, it is crucial to retain all relevant records.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"7_Can_I_contest_the_value_assigned_to_personal_belongings_by_the_IRS\"><\/span>7. Can I contest the value assigned to personal belongings by the IRS?<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>\nYes, you have the right to contest the IRS&#8217;s valuation by providing additional evidence or by seeking professional assistance to negotiate or litigate the matter.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"8_Are_there_any_penalties_for_undervaluing_personal_belongings_for_estate_tax\"><\/span>8. Are there any penalties for undervaluing personal belongings for estate tax?<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>\nUndervaluing personal belongings for estate tax can result in penalties imposed by the IRS, including additional taxes and potential legal consequences.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"9_Can_I_donate_personal_belongings_to_reduce_estate_taxes\"><\/span>9. Can I donate personal belongings to reduce estate taxes?<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>\nYes, donating personal belongings to charitable organizations can help reduce estate taxes through deductions, but it is essential to comply with the IRS guidelines and documentation requirements.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"10_Is_there_a_time_limit_for_valuing_personal_belongings_for_estate_tax_purposes\"><\/span>10. Is there a time limit for valuing personal belongings for estate tax purposes?<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>\nWhile there is no specific deadline, it is advisable to complete the valuation process as soon as possible to ensure timely and accurate reporting.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"11_Can_I_use_a_different_appraiser_for_each_item\"><\/span>11. Can I use a different appraiser for each item?<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>\nYes, you can engage different appraisers for individual items, especially if they possess specialized knowledge in the particular item&#8217;s valuation.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"12_How_long_does_the_valuation_process_typically_take\"><\/span>12. How long does the valuation process typically take?<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>\nThe duration of the valuation process varies depending on the complexity of the estate, the number of personal belongings, and the availability of appraisers. It can range from weeks to several months.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>When it comes to estate taxes, determining the value of personal belongings can be a complex task. Executors and beneficiaries must assign a fair market value to the deceased individual&#8217;s personal assets for tax purposes. But how do you go about valuing personal belongings for estate tax? In this article, we will delve into the &#8230; <\/p>\n<p class=\"read-more-container\"><a title=\"How do you value personal belongings for estate tax?\" class=\"read-more button\" href=\"https:\/\/namso-gen.co\/blog\/how-do-you-value-personal-belongings-for-estate-tax\/#more-215032\">Read more<span class=\"screen-reader-text\">How do you value personal belongings for estate tax?<\/span><\/a><\/p>\n","protected":false},"author":54,"featured_media":107420,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[86279],"tags":[],"class_list":["post-215032","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-learn","no-featured-image-padding"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v22.1 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>How do you value personal belongings for estate tax?<\/title>\n<meta name=\"description\" content=\"When it comes to estate taxes, determining the value of personal belongings can be a complex task. 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