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Estate & Gift Tax
The high tax rates in the federal transfer tax system make wealth preservation of paramount importance for high-net-worth individuals, including owners of closely held businesses. SP&H's estate and gift tax valuation services assist high-net-worth individuals and business owners in preserving their wealth. SP&H's philosophy is to take a team approach with other professionals to assist individuals and families with asset management. Our firm works with attorneys, certified public accountants, private bankers, and financial planners to forge pro-active, coherent, and effective estate and gifting plans for effective asset management.
We perform discount studies for:
- Family limited partnerships
- Limited liability companies
- Partial ownership interests in assets such as real estate
These reports include discounts for lack of control and marketability, as well as blockage discounts for ownership of securities in publicly held corporations.
We also perform business valuations for equity, debt, and securities in privately held companies. Our valuations are used in:
- Estate and gift tax planning
- Estate and gift tax return filings
- Buy-sell and cross-purchase agreements
- Key person insurance funding
- Recapitalization of common stock to preferred stock or non-voting common stock
- Charitable gift transactions such as charitable remainder trusts
In accordance with Revenue Ruling 59-60 requirements, SP&H's business valuations for estate and gift tax purposes include:
- Analysis of company operations
- Financial statement analysis
- Qualitative and quantitative industry analysis
- Competition analysis
- Economic analysis
- Market research
- Valuation analysis
- Conclusion of value
Our business valuation reports are well written, fully documented, and thoroughly researched. The result -- less than 10% of our valuations have been challenged by the Internal Revenue Service.
Related Articles
For articles regarding estate and gift tax planning, click on the following links:
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