Step 4: appraise valuable property

Appraisals are important for determining beneficiaries’ tax obligations, handling distribution questions, and determining estate taxes. They may be obtained from many sources. 

• real estate: Obtain 2-3 appraisals from real estate agents or appraisers. Online sources such as www.Trulia.com and www.Zillow.com may be less precise, but offer ballpark estimates.
• stocks, bonds, and mutual funds: Consult brokerage firms, online quotes or the financial section of newspapers for daily valuation.
• insurance policies and annuities: Contact the issuing company.
• business ownership: Consult a professional appraiser.
• vehicles: Check the Kelly Bluebook, an online source such as www.Edmunds.com, or even dealerships.
• antiques, jewelry, or furniture: Check online auctions or local professional appraiser.