Estate and Gift Tax Valuation Services

Why use valuations for estate and gift tax planning?

Assets held in estates may include interests in partnerships, family limited partnerships, limited liability companies, real properties, common tenancies, or a combination of some of these. The value of interests in those assets becomes a critical piece of information when planning estates or when transferring interests in estates.

The IRS provides guidance for the valuation of fair market value in Revenue Ruling 59-60. When the IRS challenges a filing, the Tax Court will consider an appraiser’s opinion when evaluating the challenge. This demands far more detailed research from appraisers to substantiate their opinions, especially regarding highly controversial areas such as valuation discounts.

A qualified appraiser will prepare a valuation to meet these standards of the IRS, and in the event of a challenge to the filing, satisfy the Tax Courts.

Why use BVI?

BVI’s analysts are experienced in valuing estate interests for a variety of purposes, including estate planning, 706 filings in the event of death, gifting or other transfer of interests, or otherwise complying with partnership agreements. Our analysts work with estate holders, their families, and their advisors, typically an estate attorney and/or accountant, to provide a thorough, independent, well supported valuation.

BVI analysts understand appropriate and defensible discounting of values for both marketability and lack of control and we have successfully defended our methodology in Tax Court. Our experience provides clients and their advisors the tools necessary to effectively and successfully transfer interests or plan estates.

Who can benefit?

Estate holders, those considering establishing estates, estate attorneys, CPAs, and other advisors can benefit from BVI’s valuation service to make better decisions.