Appeals Court Signs Off on ‘Slight’ DLOM in Minority Interest Valuation

Business Valuation UpdateVol. 22 No. 8
Legal and Court Case Update
August 2016

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6552 Land Subdividers and Developers, Except Cemeteries
237210 Land Subdivision
marital dissolution/divorce
expert testimony, appraisal, discount for lack of marketability (DLOM), fair market value (FMV), minority discount, minority interest, real estate, hypothetical buyer, valuation date, discount for lack of control (DLOC)
Grant v. Grant
2016 Tenn. App. LEXIS 327
May 12, 2016
US
State Court
Tennessee
Court of Appeals
George Pritchett (appraiser, husband), Michael Wallace (valuation expert, husband); Mark Young, Larry Sharp (appraisers, wife), Scott Womack (valuation expert, wife)
McBrayer

Summary

Appeals court says use of DLOM in valuing interest for divorce depends on interest’s characteristics not owner’s intent to sell the interest, but appeals court affirms trial court’s decision to apply “slight” or no DLOM based on intent to sell analysis.

See Also

Grant v. Grant

Full Text of Court Cases
May 12, 2016

Appeals court says use of DLOM in valuing interest for divorce depends on interest’s characteristics not owner’s intent to sell the interest, but appeals court affirms trial court’s decision to apply “slight” or no DLOM based on intent to sell analysis.