Estate & Gift Tax and Divorce

Today let's talk about two more of 9 different scenarios to utilize a Business Valuation. 

The first scenario is Estate & Gift Tax.  If your business client has a partnership or LLC interests, then the gifting of closely held stock necessitates an independent valuation, to provide an objective analysis as to the fair market value of the business at the time of the ownership transition.

The second scenario and unfortunately the most common one you’ll run into out of all the 9 different scenarios is Divorce.  In the divorce process, a business valuation will either be court appointed or voluntarily engaged, to facilitate a friendly and fair distribution settlement.

Just remember whether you’re approaching YOUR clients OR THEY are approaching you about a potential business valuation situation, if you want some advice or coaching you’re always welcome to call me at 800-800-1776 extension 52.    Or you can always email me at:
tpatton@pattonvaluations.com

Troy C. Patton, CPA - Patton Valuations