Fair market value (FMV)
The price at which an asset would sell in the open market between a willing buyer and seller, both of whom have reasonable knowledge of the asset and are acting in their best interest.
The price at which an asset would sell in the open market between a willing buyer and seller, both of whom have reasonable knowledge of the asset and are acting in their best interest.
William Bevins Jr, CFP® CTFA
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Franklin, TN 37064
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