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High Valuations Complicate Division of Sizable Marital Estate

Appeals court affirms trial court’s above fair market value determinations regarding husband’s interests in various family businesses and the resulting equalization judgment but rejects trial court’s means with which to enforce payment of judgment.

Crider v. Crider

Appeals court affirms trial court’s above fair market value determinations regarding husband’s interests in various family businesses and the resulting equalization judgment but rejects trial court’s means with which to enforce payment of judgment.

11th Circuit Disregards Changeable Buy-Sell Agreement, but Insurance Proceeds Used for Buyout Not Included in Value

As reported in the August 2004 issue of Business Valuation Update, the issue in this estate tax case was the value of George Blount’s (decedent’s) interest in a closely held company on the date of his death.

Estate of Blount v. Commissioner (II)

The issue in this estate tax case was the value of George Blount’s (decedent’s) interest in a closely held company on the date of his death.

Related Parties’ Buy-Sell Agreement Disregarded, but Life Insurance Proceeds Included in Value

The issue in this estate tax case was the value of decedent’s interest in a closely held company on the date of his death.

Estate of Blount v. Commissioner (I)

T.C. Memo. 2004-116 UNITED STATES TAX COURT ESTATE OF GEORGE C. BLOUNT, DECEASED, FRED B. AFTERGUT, EXECUTOR, Petitioner v. COMMISSIONER OF INTERNAL REVENUE, Respondent Docket No. 540-02. Filed May 12, 2004. D and J each owned 50 percent of the outstanding shares of B corporation. In 1981, D, J, and B entered into a buy-sell agreement restricting transfers of B’s stock both during the shareholders’ lifetimes and at death. Lifetime transfers required the consent ...

Michael Lee Mills v. Pegey Mills

The Florida Court of Appeals, Third District reversed the lower court’s characterization of stock in a family company, which employed the husband, gifted to the husband as marital property. It noted that property received by one party during the marriage ...

Stock Acquired by Gift Is Nonmarital Property

The Florida Court of Appeals, 3rd District, reversed the lower court’s characterization of stock in a family company, which employed the husband, gifted to the husband as marital property.

Murphy v. MCC, Inc. (II)

Suit filed to interpret stock redemption agreement.

Murphy v. MCC, Inc. (II)

Suit filed to interpret stock redemption agreement.

Linda Darlene Musick v. Calvin Leslie Musick

The Tennessee Court of Appeals affirmed the lower court’s valuation of the parties’ business even though neither parties’ expert appraisal met the Blasingame requirements, which mandate a closely held business to be valued based on the market value, asset ...

Flawed Valuations Provide Basis for Trial Court’s Valuation

The Tennessee Court of Appeals affirmed the lower court’s valuation of the parties’ business even though neither parties’ expert appraisal met the Blasingame requirements, which mandate a closely held business to be valued based on the market value, asset ...

Hintmann v. Weber (II)

At issue is the valuation of petitioner's ESOP-held shares.

Special Master Appointed to Resolve Calculations

This is a follow-up to the Chancery Court's opinion dated Feb. 17, 1998, on petitioners' Petition for Appraisal of ESOP-held shares.

Permafill Corporation v. Atiyeh

Plaintiff, Permafill Corp., filed suit against Joe Atiyeh, seeking a declaratory judgment recognizing Permafill as the true owner of 200 shares of the company's no par value stock.

Permafill v. Atiyeh

At issue is the value of the defendant's stock in the plaintiff corporation.

Estate of Lucile Marie McCormick v. CIR

The Tax Court valued interests in a real estate partnership. It accepted a valuation using the asset approach, plus various discounts. It rejected a discount for selling costs, and a discount for built-in capital gains taxes. It declined to aggregate the ...

Tax Court Reiterates Its Positions Regarding the Valuation of Real Estate Partnerships

The Tax Court valued interests in a real estate partnership.

Estate of McCormick v. Commissioner

One of the issues in this estate and gift tax case was the appropriate marketability discounts applicable to two partnership interests decedent owned on several different valuation dates (the dates of various gifts of the partnership interests).

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