Federal estate taxes have been a source of funding for the federal government almost since the U.S. was founded. For Richer or PoorerRegardless of your net worth, it’s critical to understand your choices when developing an estate strategy. In 1797, Congress instituted a system of federal stamps that were required on all wills offered for probate…

The discount for lack of marketability (DLOM) is one of the most contentious issues in business valuation. One reason is that the DLOM can lower a business interest’s value by as much as 35 percent — or more. Another reason is that the DLOM varies significantly, depending on the rights and restrictions attached to the business…

Privately-held business owners might need appraisals of their interests for many reasons, including: Strategic planning, Mergers, acquisitions and shareholder buy-ins (or buy-outs), Equitable distributions of marital estates, Minority shareholder disputes, Bankruptcy, Small business loans, and Gifts and estate planning. Some owners may be tempted to seek the offering with the lowest price tag. After all, a…