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Estimate the fair market value of household items for probate in Missouri. See how reporting accurate values instead of purchase prices affects your probate fees.
Personal property in Missouri is valued at fair market value — what the item would sell for on the open market, not the original purchase price.RSMo § 473.050 (will presentment), § 473.090 (refusal of letters), § 473.097 (small estate), § 473.153 (fees; § 473.153(1) base = personal property administered + court-ordered real property sale proceeds), § 473.157 (bond), § 473.160 (bond waiver), § 473.233 (inventory deadline), § 473.360 (creditor claims), § 473.780 (independent administration), § 483.530 (probate division court costs), § 488.012 (uniform court cost surcharges)Verified Jun 1, 2026 Most household items (furniture, electronics, clothing) lose 50-90% of their value. Professional appraisals are used for art, collectibles, jewelry, and other high-value items.
Yes. Missouri has statutory probate fees calculated as a percentage of the gross estate value, which includes personal property.RSMo § 473.050 (will presentment), § 473.090 (refusal of letters), § 473.097 (small estate), § 473.153 (fees; § 473.153(1) base = personal property administered + court-ordered real property sale proceeds), § 473.157 (bond), § 473.160 (bond waiver), § 473.233 (inventory deadline), § 473.360 (creditor claims), § 473.780 (independent administration), § 483.530 (probate division court costs), § 488.012 (uniform court cost surcharges)Verified Jun 1, 2026 Reporting accurate fair market values instead of purchase prices directly reduces attorney and executor fees. Use the Missouri probate calculator to see the fee impact.
Estates with personal property under $40,000 in Missouri may qualify for Small Estate Affidavit, which avoids full probate.RSMo § 473.050 (will presentment), § 473.090 (refusal of letters), § 473.097 (small estate), § 473.153 (fees; § 473.153(1) base = personal property administered + court-ordered real property sale proceeds), § 473.157 (bond), § 473.160 (bond waiver), § 473.233 (inventory deadline), § 473.360 (creditor claims), § 473.780 (independent administration), § 483.530 (probate division court costs), § 488.012 (uniform court cost surcharges)Verified Jun 1, 2026 Accurate valuation at fair market value can determine whether the estate falls below this threshold. Check eligibility with the Missouri probate need checker.
High-value items such as art, antiques, jewelry, and collectibles typically require professional appraisals. For typical household items — furniture, electronics, appliances, clothing — fair market value can be estimated using comparable sales data. Missouri probate courts require the executor to file an inventory with values for all personal property.RSMo § 473.050 (will presentment), § 473.090 (refusal of letters), § 473.097 (small estate), § 473.153 (fees; § 473.153(1) base = personal property administered + court-ordered real property sale proceeds), § 473.157 (bond), § 473.160 (bond waiver), § 473.233 (inventory deadline), § 473.360 (creditor claims), § 473.780 (independent administration), § 483.530 (probate division court costs), § 488.012 (uniform court cost surcharges)Verified Jun 1, 2026
Total probate costs in Missouri include attorney fees, executor fees, court filing fees, and publication costs. Personal property value is one component of the gross estate that determines fee calculations. The Missouri probate calculator provides a complete cost breakdown.
Not necessarily. Items with named beneficiaries (life insurance, retirement accounts), jointly held property, and assets in a trust bypass probate. Only personal property owned solely by the deceased passes through probate in Missouri. The Missouri probate need checker determines which assets require probate.
In-depth guides covering Missouri probate laws, trust requirements, and estate planning strategies.
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These estimates are based on general resale market data and insurance industry depreciation guides. They are approximations, not professional appraisals. Fair market value is what a willing buyer would pay on the open market. For high-value items or contested estates, consult a certified appraiser.
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