[ Up ] [ Business Sale ] [ Business Purchase ] [ Buy/Sell Agreements ] [ Financing ] [ Estate & Gift Taxes ] [ Litigation Support ] [ Insurance Claims ] [ Divorce ] [ No Court Divorce ] [ Eminent Domain ] [ NACVA Certified ] [ About Del Exeter ] [ Contact Info ]

Estate and gift tax issues are becoming more complex. Unlike some circumstances, whereby objective opinions of value are desirable but not required, valuations for these tax filings are mandatory. The primary reason is that market value is the basis upon which tax and penalties are applied. The third party in the scenario is the Internal Revenue Service. It is difficult enough to oppose the IRS. Use of an independent business valuator should minimize the risks of challenge and maximize the probability of a successful defense. This issue is compounded with gifting of closely held stock, family limited partnerships, or charitable contributions. For charitable donations or estate tax returns, it is important that the assets be appraised or valued by persons certified as specialists in the particular type of property.

Estimating the value of the assets, which will ultimately be transferred to your estate, is an essential element of proper estate planning. A valuation of your company or business will help you project your estate’s gross value and, therefore, your ultimate estate tax.

© Copyright 2002 by Delbert W. Exeter. All rights reserved.
This web page was last updated on February 27, 2002.