Let’s say divorcing spouses own part of the stock in a closely held corporation. This may be one of their biggest marital assets, and often one spouse decides to buy out the other party’s shares by transferring some assets in exchange for the stock. Before jumping headfirst into these transfers, it’s important to consider the…

Many people have heard they should avoid probate, but few understand what probate is and how the process works. Probate Fees Both the lawyer and the executor are entitled to fees from an estate. In addition, there will be court costs, appraiser’s fees, and may be other expenses. – Nolo What Is Probate? Probate is…

When appraisers select from the menu of appraisal techniques, the income approach is a popular choice. This technique derives value by converting anticipated economic benefits into their net present value. Long-term sustainable growth is a key ingredient. Capitalization of Earnings Method Here’s the “recipe” for valuing a business under the income approach, when the subject company’s earnings…