According to a recent report, only 42% of Americans have estate planning documents, such as a will or living trust.1  This may not be entirely surprising. No one wants to be reminded of his or her own mortality or spend too much time thinking about what might happen once they’re gone. Tip: Let Them KnowYour will may…

In some jurisdictions, investment value — rather than fair market value — has emerged as the preferred standard of value in some divorce cases. This trend is important to monitor to ensure your valuation expert estimates the correct standard of value. If not, a court may disregard his or her conclusion. Investment Value Definition Fair market value,…

According to the International Valuation Glossary — Business Valuation, goodwill is: “That intangible asset arising as a result of name, reputation, customer loyalty, location, products, and similar factors not separately identified.” Put another way, it’s the aggregate value of a business that exceeds the value of identifiable tangible and intangible assets. So when a business is valued under either the market…