Estate planning is an important aspect of managing one's wealth, property, and future. This process typically involves the assessment of an individual's assets in order to distribute them according to their wishes after they pass. However, there is an alarming lack of uniformity and quality control in the estate planning appraisal process.

Current procedures for asset appraisal during estate planning vary widely, leading to inconsistencies and potential disputes. This lack of standardization creates a gap that can lead to inaccurate valuations and potential legal issues, adversely impacting beneficiaries.

According to a report by American Society of Appraisers, inconsistencies in appraisal procedures can result in undervaluation or overvaluation of assets, leading to legal disputes and causing distress among the affected parties. It also states the urgent need for the implementation of a standard to protect individuals involved in the estate planning process.

Therefore, we request the appropriate governing bodies - national financial ombudsmen, legislators, and financial industry bodies - to establish, endorse, and enforce a set of robust standards for estate planning appraisal process. Implementing uniform procedures across the board will ensure the process is fair, transparent, and reliable, thereby maximizing the benefits of estate planning for everyone involved.

Please stand with us in urging for the development of an official standard for estate planning appraisals. Sign the petition now.