Book description
Expert direction on interpretation and application of standards of value
Written by Jay Fishman, Shannon Pratt, and William Morrison—three renowned valuation practitioners—Standards of Value, Second Edition discusses the interaction between valuation theory and its judicial and regulatory application. This insightful book addresses standards of value (SOV) as applied in four distinct contexts: estate and gift taxation; shareholder dissent and oppression; divorce; and financial reporting. Here, you will discover some of the intricacies of performing services in these venues.
Features new case law in topics including personal good will and estate and gift tax, and updated to cover the new standards issued since the first edition
Includes an updated compendium discussing the standards of value by state, new case law covering divorce, personal goodwill, and estate and gift tax, and coverage of newly issues financial standards
Shows how the Standard of Value sets the appraisal process in motion and includes the combination of a review of court cases with the valuator's perspective
Addresses the codification of GAAP and updates SOV in individual states
Get Standards of Value, Second Edition and discover the underlying intricacies involved in determining "value."
Table of contents
- Cover
- Series
- Title Page
- Copyright
- Dedication
- Foreword
- Preface
- Acknowledgments
- About the Authors
- Introduction
- Chapter 1: Common Standards and Premises of Value
- Chapter 2: Fair Market Value in Estate and Gift Tax
-
Chapter 3: Fair Value in Shareholder Dissent and Oppression
- FAIR VALUE AS THE STANDARD OF VALUE IN DISSENT, OPPRESSION, AND ENTIRE FAIRNESS CASES
- THE APPRAISAL REMEDY FOR DISSENTING SHAREHOLDERS
- THE OPPRESSION REMEDY
- FAIR VALUE IS THE STANDARD OF VALUE IN APPRAISAL AND OPPRESSION IN ALMOST ALL STATES
- THE VALUATION DATE—BEFORE THE EFFECTUATION OF THE CORPORATE ACTION TO WHICH THE SHAREHOLDER OBJECTS
- CUSTOMARY AND CURRENT VALUATION TECHNIQUES
- FAIR VALUE IN DELAWARE
- OHIO'S UNFAVORABLE STANDARD OF VALUE IN APPRAISALS
- FAIR VALUE NORMALLY EXCLUDES DISCOUNTS AND PREMIUMS
- EQUITABLE ADJUSTMENTS TO FAIR VALUE
- SUMMARY
- Chapter 4: Standards of Value for Partnership and Limited Liability Company Buyouts
- Chapter 5: Standards of Value in Divorce
- Chapter 6: Fair Value in Financial Reporting
- Appendix A: International Business Valuation Standards
- Appendix B: Chart—Fair Value in Dissent and Oppression
- Appendix C: Standards of Value in Divorce Classifications by State and Standard of Value
- Index
Product information
- Title: Standards of Value: Theory and Applications, 2nd Edition
- Author(s):
- Release date: April 2013
- Publisher(s): Wiley
- ISBN: 9781118138533
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