Trust, Estate, & Tax Planning

We provide comprehensive valuations for business and legal clients domestically and abroad.

A fair market value appraisal can be a critical first step in the estate planning process or transitioning a business to the next generation.  FairValue Advisors has a broad range of experience with valuation issues pertaining to estate tax and related planning.

There are many estate planning tools that involve the sale, gift, or contribution of an equity interest in a closely-held business. Depending on the value of the transfer, the Internal Revenue Service requires the taxpayer to report the fair market value of the closely-held business interest. Upon death, a taxpayer’s estate may include closely-held stock or other illiquid securities, which may also require a fair market value determination for Federal Estate tax purposes or to determine basis. 

Guidelines for determining the fair market value of closely-held business interests are included in IRS Revenue Ruling 59-60, which defines fair market value as:

“the price at which the property would change hands between a willing buyer and a willing seller when the former is not under any compulsion to buy and the latter is not under any compulsion to sell, both parties having reasonable knowledge of relevant facts. Court decisions frequently state in addition that the hypothetical buyer and seller are assumed to be able, as well as willing, to trade and to be well informed about the property and concerning the market for such property.” – Rev. Rul. 59-60 (159-1 C.B. 237) 

At FairValue Advisors, our appraisals are specifically designed to comply with the IRS valuation guidelines described in Revenue Ruling 59-60 and the Adequate Disclosure Rules.

Meet Our Experts

Dan Cenatempo CVA, MAFF

888-212-0495 Ext. 101

Kevin Couillard ASA, CFA

888-212-0495 Ext. 102

Dan Gallogly CPA, CFF

888-212-0495 Ext. 106

Rich Goeldner ASA, CBA, CVA

888-212-0495 Ext. 103

Let's Work Together

Whether you are considering the sale of a business, accounting for acquisitions, developing an exit plan or have a legal dispute, FairValue Advisors has the resources and expertise to address your needs.

Planning Your Exit

With retirement on the horizon for many baby boomers, knowing when to retire and how much money you need is a hot topic for business owners. So, it’s no surprise that business succession and exit planning is “trending” in the legal and finance communities. Oftentimes, a business is an owner’s

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Business Value: Understanding & Reducing Risk

If you operate a business, you’ve invested the valuable resources of time and talent, and if you are a business owner, you have invested your hard-earned money. As both investor and investee, you should be doubly focused on increasing the value of your business and being a good steward of

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Rich Goeldner Joins the Value Examiner’s Review Board

The Value Examiner® is an independent, professional development journal dedicated to the exploration of value and its ramifications for consultants. It is the singular source of timely, technical, in-depth articles written for consultants by practitioners and academics at the top of their respective fields. The distinguished authors bring expertise acquired

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