The Excess Earnings Method was originally created to compensate wineries and distilleries during Prohibition. Valuation experts often criticize this method, calling it ambiguous, over-simplified or outdated. But it’s still used in some jurisdictions as a way to value small businesses and professional practices, especially in a divorce setting. The Excess Earnings Method is the subject of IRS Revenue…

You may understand some of the theory behind business valuation, but you probably don’t know the procedures involved in the analysis and preparation of a report.  Clients and attorneys who understand how the valuation process works can anticipate their experts’ needs and appreciate why valuators need to ask so many questions and review so many documents….

If you’re asked to serve as the executor of an estate, think carefully about the decision before accepting the position. Acting as an executor or administrator of an estate can involve a great deal of work, depending on assets and the complexity of the estate. Q. Who Can Be an Executor? A. It depends on…