NACVA attendees debate whether there’s such a thing as a “key person discount?”
It makes sense that a closely held business would be worth less when the key person is no longer going to be part of teh business. In fact, this is often the case when the valuation is being performed for an estate when the decedent was the key person in the business. But, there’s [...]
CPE Opportunity: tiered partnership structures
Join William Frazier and John Porter in a webinar on valuation challenges borne of the increased use of FLPs and other ownership structures. “Valuing Tiered Partnership Structures” is today, Thursday, May 27th at 10:00 am PT/1:00 pm ET. For more information, or to register click here. Two CPE credits are available.
Is valuation still valid after routine destruction of workpapers?
Case law analysis: Lawton v. Bank of America Corp., 2010 WL 1508922 (D.R.I.)(April 14, 2010) For nearly 15 years the value of stock in a manufacturing company has been the focus of fractious litigation between the beneficiaries of an estate and the co-executor (Bank of America Corp.). The stock was admittedly the estate’s most valuable asset; [...]
Can buy-sell agreements bind the non-signing spouse?
In a case of first impression, the Texas Court of Appeals considered a buy-sell agreement that purported to bind shareholders and their spouses in the event of divorce. As a further complication, the husband had signed an employment agreement with the private medical association—but neither he nor his wife had signed the shareholders’ agreement. This [...]
Three new medical cases show why matrimonial valuations are so difficult
If you’re ever having the feeling that you should stop doing evaluations for family law clients, don’t read this post; it confirms the worst you’ve thought. It even includes a case where the doctor thought his opinion was more valuable than the appraisers. In Garcia v. Garcia (Fla. App., Jan. 20, 2010), the husband’s expert [...]
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