Open Access. Powered by Scholars. Published by Universities.®
Articles 1 - 1 of 1
Full-Text Articles in Law
Valuation Discounting Techniques: Terms Gone Awry, Wendy G. Gerzog
Valuation Discounting Techniques: Terms Gone Awry, Wendy G. Gerzog
All Faculty Scholarship
Fair market value is defined in the section 2031 Regulations. For its validity, that definition of fair market value relies on the normal definitions of its significant terms: a seller is someone who is seeking the highest price for her product and a buyer is someone who wants to obtain the lowest price for his purchase. It is only that tension that creates the realistic, and fair, market value of that asset. Indeed, without that conflict, the definition is comprised of hollow words.
In the context of family limited partnerships, terms have been misused. By utilizing the limited partnership shell, …