Perspectives

We are often asked to value business interests for estate purposes. Occasionally a review of the balance sheet and discussions with management uncover loans from the estate to the business. If the loan represents an asset of the estate, how should it be valued?
Determining a value for the loan may be fairly straight forward, it [...]

Family limited partnerships (FLPs) are complex financial arrangements that present unique valuation issues. Henry & Horne, LLP takes a unique approach in valuing equity interests in these types of entities.
Some appraisers value these entities by reference to the value of the underlying assets of the FLP and applying a discount for lack of control based on [...]

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 [...]