In determining fair market value, which document may be required?

To determine fair market value, investment account statements are crucial as they provide detailed insights into the current value of investment assets held by an individual. These statements reflect the market prices of stocks, bonds, and other securities, thus allowing for an accurate assessment of an individual's financial situation. This information is essential for guardianship matters, as it helps establish the financial resources available for various aspects of an individual’s care and management.

In the context of fair market value, tax documents could offer some historical insight into asset values but do not provide the current market conditions necessary for precise valuations. While automobile valuations might be relevant in specific scenarios, they do not encompass the broader financial picture like investment accounts do. Medical records relate to health status rather than asset valuation, making them irrelevant for assessing fair market value in financial terms. Thus, investment account statements serve as the most comprehensive and pertinent documentation for determining fair market value in guardianship situations.