Appraisers Seeking Discounts Must Explain Why Families Would ‘Destroy Value’

Business Valuation UpdateVol. 17 No. 10
October 2011


“Why would a wealthy elderly lady willingly destroy half of the value of her estate?” Judge Mark Holmes of the U.S. Tax Court asked 200 appraisers at the LA chapter of the Appraisal Institute’s IRS Valuation Summit last month. “That’s the question you hav ...