Throughout these web pages the case has been made for business people and individuals to recognize the importance of business valuations. While we have listed many reasons for a valuation, it is important not to overlook gift and estate tax situations.
When business ownership is transferred to the next generation at the death of the predecessor leader, the issue of estate taxes will arise.
Having a valuation prepared can help the new owners manage the challenge. Working with an estate and gift tax specialist along with a professional valuations expert should be a part of the process.