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Tag: fair market value

08 04 '21

Defining “Fair Market Value”: The Case of Wilburn v. Mangano

When reading through a will or trust agreement, you may see language that grants a right to an individual to purchase certain property from the estate or trust at “fair market value.” At first glance, this phrase may seem a perfectly reasonable method of setting a suitable purchase price for a property to be sold…

CategoryEstate Planning and Trusts
Categoryestate planning, fair market value, probate, trusts

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