23
Apr
14
Apr
Valuing Carried Interest for Trust and Estate Planning: A Strategic Overview
Few assets present as many valuation challenges in the context of estate and gift planning as carried interest. The value of carried interest is contingent on future fund performance, is governed by complex waterfall mechanics, and is usually very illiquid. These characteristics make it both difficult to value and, in some cases,…
19
Mar
Understanding Business Valuations for Trust and Estate Purposes
Closely held business interests frequently represent the most significant and complex asset within a high-net-worth estate. Unlike publicly traded securities, their value is not readily observable — and for estate planning, gifting strategies, and generational wealth transfers, an accurate, well-documented valuation is often central to the entire planning process. For estate planning attorneys, tax…
09
Mar
Strategic Considerations for Solvency Opinions: in Leveraged Transactions
Introduction In leveraged transactions and dividend recapitalizations, the focus is often on valuation, deal structure, and financing terms. Yet one of the most consequential questions frequently receives less attention during the excitement of execution: Will the company remain solvent after the transaction closes? In today’s environment of elevated leverage levels, volatile markets,…
25
Feb
A Modern Guide to Purchase Price Allocation
Introduction Purchase Price Allocation (“PPA”) has evolved from a compliance exercise to a strategic financial reporting decision. Recent SEC comment letter trends, paired with heightened IRS scrutiny of IRC Section 197 classifications, mean that methodology choices made at acquisition can influence financial outcomes years into the future. Understanding these implications helps companies avoid costly…