California · Probate Code

PROB §8802: The inventory and appraisal shall separately list each item and shall state the fair market value of the item at the time of the decedent’s death in monetary terms opposite the item.

What this law says, in plain English

An inventory and appraisal must list each item separately and state its fair market value at the time of the decedent's death.

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The inventory and appraisal shall separately list each item and shall state the fair market value of the item at the time of the decedent’s death in monetary terms opposite the item.

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