Standards of Value : Theory and Applications
* 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."
- Hardback | 496 pages
- 173 x 238 x 39mm | 934g
- 17 May 2013
- John Wiley & Sons Inc
- New York, United States
- 2nd Edition
Other books in this series
20 Apr 1993
08 Jul 2011
10 Sep 2014
13 Aug 2013
To this end, Standards of Value, Second Edition provides a detailed examination of the interactions between valuation theory and its practical applications. Covering such standards as investment value, fair value, and fair market value, the discussion spans four key areas: estate and gift taxation, shareholder dissent and oppression, divorce, and financial reporting. This essential volume offers professionals a useful survey of standards of value and their treatment in varying contexts across all fifty U.S. states and the District of Columbia. The in-depth coverage of each area draws on annotated statutes and regulations, law journals and other publications, and the reasoning in key precedential cases.
This fully revised and updated new edition features:
New discussion of case law concerning divorce, personal good will, and estate and gift tax An updated and current compendium of standards of value by state Coverage of newly issued financial standards and GAAP codification A new chapter on standards of value for buyouts from general partnerships, limited partnerships, limited liability partnerships (LLPs), and limited liability companies (LLCs)
Because standards of value may offer room for interpretation, depending on the situation and venue, understanding the context of any valuation is essential for achieving a successful outcome. Standards of Value, Second Edition gives appraisers, attorneys, and other professionals an unparalleled guide to both the conceptual underpinnings and practical application of these key valuation frameworks.
Back cover copy
As a legal matter, the value of an asset may depend to a significant degree on the standard of value applied in specific circumstances. Different circumstances that could determine the standard of value include different types of disputes or proceedings, different venues, or varying applicable laws. Experienced practitioners know that even a difference that seems merely semantic to the layperson, such as "fair market value" vs. "fair value," could have major implications in determining value.
Standards of Value, Second Edition presents an up-to-date, comprehensive guide to the key distinctions and considerations used in valuation processes. To accomplish this, the coverage offers a detailed look at valuation theory and how its concepts have been applied. Practitioners will find a useful survey of case law, publications, statutes, and judicial rulings showing how standards of value are used across all fifty U.S. states and the District of Columbia.
Fully revised and updated with the latest developments in the field, Standards of Value, Second Edition spans four practice areas, including estate and gift taxation, shareholder dissent and oppression, divorce, and financial reporting. New and updated material in this Second Edition includes:
Discussion of new case law concerning divorce, personal good will, and estate and gift tax A new chapter on standards of value for buyouts from general partnerships, limited partnerships, limited liability partnerships (LLPs), and limited liability companies (LLCs) Coverage of newly issued financial standards and GAAP codification And more
Attorneys, appraisers, and other professionals who deal with valuation will find Standards of Value, Second Edition an essential reference for both the reasoning behind these standards, as well as the intricacies of their practical use.
Table of contents
About Jay E. Fishman