Gift & Estate

Weinress & Associates have provided numerous valuations for estate and tax planning purposes. In order to generate defensible business valuation opinions for Tax and Estate planning purposes we

  • Adhere to the various guidelines set forth in the IRC and various revenue rulings (including RR 59-60)

  • Apply accepted valuation methodology

  • Stay abreast of the recent court cases, emerging issues and revenue rulings to generate defensible valuation opinions

  • Follow the highest professional standards while preparing the report

The estimation of fair market value of the property that is being transferred, during gift and or at death, is a key aspect of our federal and gift tax environment. The valuation of the asset being transferred should be done at proper stages of estate planning process by qualified, credentialed business appraisers in order to ensure a defensible (and potentially dispute-free) transfer. As a person engaged in estimating this value, the business appraiser plays a critical role in the estate planning process.

The various stages during which the taxpayer might need valuation positions include:

  • The time of incorporation of the family holding company (FLP or closely-held corporation)

  • The time of transfer of ownership interest

  • Valuation for ascertaining any potential impairment of business value owing to the loss of services of a Key person in the business

Typically, the taxpayer is burdened with the task of providing “credible evidence” for proving his valuation position during the transfer (T.C.R. 142(a); Welch v. Helvering, 290 U.S. 111, 115 (1933).). Under such circumstances, the valuation analyst’s credentials, reputation, and independence become the key factors to support the valuation position taken by the taxpayer.

With extensive experience and up-to-date knowledge, Weinress & Associates is well positioned to provide valuation assistance for estate and gift tax purposes.