Wife Gambles on Valuing Husband’s Minority Interest in Real Estate LLCs

Business Valuation UpdateVol. 16 No. 8
Legal and Court Case Update
August 2010
6531 Real Estate Agents and Managers
531312 Nonresidential Property Managers
marital dissolution/divorce
buy-sell agreement, discount for lack of marketability (DLOM), fair market value (FMV), minority interest

Brooks v. Brooks
2010 WL 2219199 (Conn. App.)
April 13, 2010
US
State Court
Connecticut
Court of Appeals
Alinor C Sterling, David Eric Ross, Kenneth J Bartschi, Steven D Ecker, Wesley W Horton
Bishop

Summary

Fair market value standard requires court to consider more than just the appraised values of real estate held by the husband’s minority interest in LLCs; it requires consideration of marketability and minority discounts, plus transfer restrictions.

See Also

Brooks v. Brooks

Fair market value standard requires court to consider more than just the appraised values of real estate held by the husband’s minority interest in LLCs; it requires consideration of marketability and minority discounts, plus transfer restrictions.