This decision contains a good explanation of the reasons why "fair value" is not necessarily appropriate to divorce cases....
Archives
Discounts in Art: “Starving Artist” Prices?
April 2, 2009
The 9th Circuit Court of Appeals recently issued a decision (highlighted by Carsten Hoffman’s FMVOpinions) affirming a tiny fractional interest discount applied to a jointly-owned collection of paintings. In Stone vs....
Standard of Value dictates Use of Discounts in Divorce Case
February 25, 2009
The Alabama Court of Appeals recently issued an opinion in Grelier v. Grelier, holding that the parties’ agreement to employ the fair market value standard in a divorce case precluded wife from arguing on appeal that...
Jelke and BIG Tax Liability
July 21, 2008
Chris Mercer’s Value Matters newsletter offered a succinct summary of the Eleventh Circuit’s recent decision in Jelke v. Com., an important decision dealing with built-in capital gains (BIG) tax liability of...