Valuation Date
The date used to set what estate assets are worth, usually the date of death.
What Valuation Date means in an estate
Estate assets are generally valued as of the date the person died, which also becomes the reference point for the stepped-up cost basis heirs receive. For federal estate tax purposes an alternate date somewhat later can sometimes be elected if it lowers the tax. Which values apply can affect both any tax owed and future capital gains.
How this works in your state
The concept is national, but the forms, procedure names, thresholds, and filing practice vary by state. Open your state glossary and guides to see how valuation date is handled where the estate is being settled.
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Information current as of April 4, 2026
Settled Estate is not a law firm, and this content is for informational purposes only and does not constitute legal advice. Probate laws and procedures in your state can change. Consult with a qualified attorney for advice specific to your situation. Full disclaimer.