Net asset value (NAV) is the remaining value of a fund or investment after removing any liabilities. Executors will see this term most often when reviewing the valuation of the estate's financial investments. It is important to remember these values often change on a daily basis based on market conditions, therefore the NAV is not the exact value that will go through the estate settlement. The actually value of investment will be determined when the investment is sold on the open market and can include additional costs such as commission or broker fees.
What you need to know
A probate guide written for people who aren’t lawyers
Probate is notoriously confusing. Small estate affidavits, formal vs. simple administration, executors & executrixes— there’s more than enough jargon to make your head spin. We get it, and that’s why we made a probate guide that actually tells you what you need to know without assuming anything. You’ll walk away with a tangible timeline, actionable next steps and real clarity on what probate actually means for you and your family.
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