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 advisors, family office professionals, and […]
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, and increasingly sophisticated creditor litigation, […]
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 missteps and ensure that acquisition reporting supports long term […]