Demystifying Valuation, Economic Damages + Forensic Accounting

The “Double Dip” Issue

I spoke with two attorneys last week about a couple of business valuations and it was interesting that both attorneys mentioned they were concerned about the “double dip.” It got me thinking about the issue and how one would go about quantifying the effect. For those not familiar with this, a “double dip” may result …

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Surviving a Deposition: Part III

Tips for Deposition Testifying Following are some tips that may be of help to you should you ever be called to testify at a deposition: 1. Always prepare for your deposition with your attorney. Reviewing what the opposing attorney is going to ask you will do wonders in calming you. 2. Present your best appearance …

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Surviving A Deposition: Part II

Reporting the Deposition Attorneys who do the deposing are responsible for hiring the court reporter to be used in the deposition. Usually, the court reporters are on a first name basis with the attorney who hired them and that’s because they do most of the attorney’s initiated depositions. Almost all court reporters will try to …

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Surviving a Deposition: Part I

For some, getting a root canal is a more welcome event than the pain of having to give testimony in court or at a deposition. Because we’ve seen trial drama on television or in the movies, most everyone is familiar with how the testimony process goes in the courtroom. Not everyone is familiar, however, with …

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Divorce Tips: Overlooked Marital Assets

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 …

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Economic Round-Up Part II

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, …

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Economic Round-Up: PART 1

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 …

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The Pomeroy Bill

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 …

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