Tax Consequences of Hypothetical Sale Found Speculative

Business Valuation Update BVLaw
Legal and Court Case Update
October 21, 1996
6411 Insurance Agents, Brokers, and Service
524210 Insurance Agencies and Brokerages
marital dissolution/divorce

Pamela Grace v. Theodore Grace
930 S.W.2d 362 (Ark. 1996)
US
State Court
Arkansas
Supreme Court
Newbern

Summary

The Arkansas Supreme Court reversed a Chancellor's valuation of an insurance agent's book-of-business. The Chancellor deducted the tax consequences of a hypothetical sale of the asset. The appellate court reversed this decision. It found that the tax con ...

See Also

Pamela Grace v. Theodore Grace

The Arkansas Supreme Court reversed a Chancellor's valuation of an insurance agent's book-of-business. The Chancellor deducted the tax consequences of a hypothetical sale of the asset. The appellate court reversed this decision. It found that the tax con ...