The much-anticipated Standards of Value: Theory and Application, second edition, by Jay Fishman, Shannon Pratt, and William Morrison (John Wiley & Sons) is now available. Fishman was at the recent NACVA annual conference appearing on behalf of the book. BVWire believes this completely updated edition is the best current authority on applying standards of value in four distinct contexts: estate and gift valuation, shareholder dissent and oppression, divorce, and financial reporting.

But don’t just listen to us. “This book provides the guidance that you can only get by spending countless hours performing research on the subject from multiple sources,” says Gary R. Trugman (Trugman Valuation Associates Inc.). “Even the list of reviewers is so extensive that you know that you are getting a quality product that has been reviewed by many specialists, not just in valuation, but in the law as well.”

The book features new case law in topics including personal goodwill and estate and gift tax and also includes a compendium discussing the standards of value state by state—an invaluable tool.

Says Trugman: “Everyone in our profession should have this book in their library.”