I am implementing an estate plan - what factors should I consider?

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Estate and gift planning for business owners can not only help an owner achieve goals, but also result in immense tax savings and preservation of family wealth. In order to achieve these goals, a valuation must be properly performed and documented so that it withstands the rigorous review of the Internal Revenue Service and Tax Courts.

The professionals at Strategic Valuation Group have prepared hundreds of appraisals for estate and gift tax purposes. And, we have successfully defended our value conclusions when they have been challenged. Our success has been driven by the following key factors:

• We are experts in our field. While many in the financial community claim to be "experts" in business valuation, the tax authorities carefully review an appraiser's credentials and the resulting work product. In choosing an appraiser, look for those who possess the highest level of professional credentials and who specialize in business valuation, as opposed to those who only occasionally perform this type of work. True experts are those who are active in their profession, attending and speaking at conferences, and who participate in professional associations. The professionals at Strategic Valuation Group possess the most senior business valuation credentials--those that carry the highest requirements for achievement. We also hold leadership positions in our profession, both locally and nationally, and have been recognized for this expertise.
• Our reports are well written, exemplify our expertise, and satisfy the Internal Revenue Code's requirements for triggering the Statute of Limitations - which limits the amount of time they have to challenge the valuation.
• We are actively involved in estate planning professional societies and are committed to staying current on case law and related valuation theory.
• We have experience in defending our appraisals to the IRS - from providing initial consultative support to legal counsel to active involvement in depositions and trials.