Perspectives

Recently, we were court appointed to perform an analysis of income for the purpose of calculating child support and spousal maintenance. The parties had been divorced for almost two years and the ”Husband” in the case was petitioning the Court for a reduction in spousal maintenance due to a decline in his earnings. Due to the [...]

At the state level, Arizona has been in this recession for a longer time than the rest of the country. While Arizona profited by the housing and real estate boom it is sorely feeling the after-effects of the bubble burst. Unemployment has risen, sales are down in nearly all sectors other than food and gasoline, [...]

As we enter into the second quarter of 2009, still grappling with this economic swoon, the timing of the ensuing recovery is a very relevant topic. While negative economic news is still available in abundance, there are small glimmers of hope in the form of positive developments on some fronts. Whether these constitute tentative signs [...]

The Pomeroy Bill (HR 436, Certain Estate Tax Relief Act of 2009), among other considerations, proposes to eliminate any discount for lack of control on transfers of a non-controlling interest in any family-controlled entity to a family member.  This provision would artificially inflate the value of non-controlling equity interests, create additional forced sale pressure on [...]