Attorneys and Valuers Strengthen Ties at AAML/BVR Divorce Confab
The Tax Cuts and Jobs Act, expert witnessing, rigged valuations, and other interesting topics were presented at the National Divorce Conference (in Las Vegas May 8-10) co-sponsored by the American Academy of Matrimonial Lawyers (AAML) and Business Valuation Resources (BVR). Here’s a recap of some important takeaways.
Puklich v. Puklich
In buyout dispute related to various family businesses, including auto dealership, high court finds trial court was authorized to adjust value finding to account for majority shareholder’s oppressive conduct; case law supported rejection of discounts in valuing minority shareholder’s interest.
High Court Approves of Trial Court’s Rejection of Discounts in Fair Value Determination
In buyout dispute related to various family businesses, including auto dealership, high court finds trial court was authorized to adjust value finding to account for majority shareholder’s oppressive conduct; case law supported rejection of discounts in valuing minority shareholder’s interest.
Connecticut court’s impermissible double dipping triggers remand
In a noteworthy decision, a Connecticut appellate court recently found the trial court double dipped when it divided the marital assets and calculated spousal support.
BVU News and Trends May 2019
A monthly roundup of key developments of interest to business valuation experts.
Oudheusden v. Oudheusden (I)
Appellate court remands because of trial court’s impermissible double dipping, where trial court awarded wife half of the fair market value of husband’s two solely owned businesses, which represented husband’s sole income stream, and based spousal support on annual income generated by businesses.
Connecticut Appellate Court Remands Because of Impermissible Double Dipping
Appellate court remands because of trial court’s impermissible double dipping, where trial court awarded wife half of the fair market value of husband’s two solely owned businesses, which represented husband’s sole income stream, and based spousal support on annual income generated by businesses.
Takeaways from the inaugural AAML/BVR divorce confab
Family law attorneys and financial experts converged last week in Las Vegas for the first event co-sponsored by the American Academy of Matrimonial Lawyers (AAML) and Business Valuation Resources (BVR).
Appreciation analysis reveals owner’s substantial contribution to company’s success
Appreciation of separate property is a knotty issue whose analysis can be challenging for attorneys and valuators, but a recent Tennessee appeals court decision helps practitioners understand the framework a court may use to decide whether the nonowner spouse has a claim to the increase in value.
Webcast this week of the National Divorce Conference
Couldn’t make it to Vegas for this week’s AAML/BVR National Divorce Conference May 8-10?
Beware of attack on your transactions method
An article in the Spring 2019 issue of Family Lawyer magazine shows how a lawyer can attack a valuation expert’s use of the guideline company transactions method for a small- to medium-size firm.
BVU News and Trends April 2019
A monthly roundup of key developments of interest to business valuation experts.
Conference season! BVWire hits the road
What blooms in spring? BV conferences, of course!
Updated goodwill chart and map for divorce cases posted
BVR recently updated its complimentary download “Charting Goodwill Jurisprudence” to give you an at-a-glance look at a state’s basic position toward enterprise and professional goodwill.
How to cultivate the biggest source of referrals
Attorneys account for the largest share of business for BV experts and valuation analysts.
Alkayali v. Boukhari
Appeals court upholds valuation of plaintiff’s interest in dissolved company and jury award; plaintiff expert’s analysis of sales transactions of comparable companies was admissible; Pratt’s Stats/DealStats database provided a reliable basis for expert to identify relevant sales, court says.
Court Validates Expert’s Reliance on Pratt’s Stats/DealStats for Sales Transaction Analysis
Appeals court upholds valuation of plaintiff’s interest in dissolved company and jury award; plaintiff expert’s analysis of sales transactions of comparable companies was admissible; Pratt’s Stats/DealStats database provided a reliable basis for expert to identify relevant sales, court says.
Equal split of attorneys and financial experts at divorce confab May 8-10
So far, an almost equal split of attorneys and valuation/accounting experts will be attending the National Divorce Conference in Las Vegas May 8-10, presented by BVR and the American Academy of Matrimonial Lawyers (AAML).
Ten 'don’ts' to help survive a divorce engagement
The nuances of divorce valuations and testifying in court create difficulties that make divorce engagements especially challenging. Here are 10 "don'ts" to help survive a divorce engagement. You can learn more about these at the AAML/BVR National Divorce Conference in Las Vegas May 8-10.
A sad note …
BVWire has learned that Lynne Z. Gold-Bikin, a nationally renowned family law attorney, has passed away.
Valuing luck in a business caught up in divorce
In most states, the active appreciation of a premarital asset is includible in the marital estate while passive appreciation is not.
For a divorce, how many components are there in goodwill?
In divorce cases, it may be necessary to carve up goodwill because, in many jurisdictions, enterprise goodwill is marital property, but personal goodwill is not.
How to support subjective areas of valuation
Gone are the days when you could support your opinion by simply saying, “It is based on my professional judgment.”
Tricks of the trade in detecting rigged valuations
Did you ever read a business valuation report where you knew the valuation was rigged to obtain a higher or lower value?
A Dozen ‘Don’ts’ to Help Survive a Divorce Engagement
The nuances of divorce valuations and testifying in court create difficulties that make divorce engagements especially challenging.