Date of Distribution Valuation

Real property distributed to one of two beneficiaries before the final division of the estate should be valued at date of distribution, and not date of death, and the net proceeds from the sale of the property by the beneficiary in an arm’s length transaction is evidence of the date of distribution value. Hunsicker Estate, 10 Fid.Rep.3d 83 (Monroe O.C. 2020).

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