Simplify Estate Tax Appraisals with Expert Guidance and Save Big

O’Connorunderstandskeyfacetsofestatetaxestohelpclientsplanstrategically,forthelongterm.Optionstoreduceestatetaxes includetrusts,familylimitedpartnership,giftspriortodeath,giftsatdeath,andskillfuluseofpartialinterests.

Animportantstrategyispartialinterests–Skillfuluseofpartialinterestscandramaticallyreduceestatetaxes.Insomecases,tiersof partialinterestscanreduceestatetaxesevenfurther.Forexample,anentitythatownsaseriesofpartialinterestscanbeownedby multiplepeople.Partialinterestvaluationvaluestheownershipofaportionofaproperty,limitedpartnership,generalpartnership, corporation,LLCorLLP

PartialInterestValuation

Valuingapartialinterestinvolvesfirstvaluingtheunderlyingassetandthendeterminingadiscountforapartialinterest.Thevaluation ofapartialinterestinvolvestwoseparateappraisals.Partialinterestvaluationismorecomplexthanmostvaluationproblems,and requiresintenseanalysisandseasonedjudgment.

PartialInterestsareWorthLess

Partialinterestsarealmostalwaysworthlessthananundividedinterest.Thisisbecausetheyareilliquidandlackcontrol.Partial interestsareilliquidsinceitisdifficulttosellalimitedinterestinapropertyornonpubliccompany.Inaddition,thesaleofapartial interestinmanyentitiesissubjecttoapprovalbyotherowners.Inmanycases,otherownerscanchoosetonotallowthesaleintheir solediscretionwithoutprovidingareason.

LimitedorNon-Control

Theownerofapartialinteresthaslesscontrolthantheowneroftheentirepropertyorentity.Evenifsomeoneownsacontrolling interest,theiractionsaresubjecttoreviewandscrutinybytheownersofthebalanceofthepropertyorentity.Theownerofanoncontrollinginteresttypicallyhasverylimitedabilitytocontroldecisionsorinfluencethemanagementandpoliciesforapropertyor entity

Thestepsinvolvedinasimplepartialinterestvaluationareasfollows:

Valuetheentirepropertyorentity

Calculatethevalueoftheproportionateshareinthepropertyorentity(valueoftheentirepropertytimespercentageowned)

Determinetheappropriatediscountforthepartialinterest

Calculatethevalueoftheproportionateshareafterthediscountforapartialinterest

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Simplify Estate Tax Appraisals with Expert Guidance and Save Big

Published on Feb 17, 2025

OConnor2024

"Dealing with estate taxes can be overwhelming, especially when it comes to accurately appraising the value of assets. A proper tax appraisal is essential to ensure compliance with tax laws and to potentially reduce your tax burden. Whether you're managing an estate plan, settling an inheritance, or preparing for tax filing, working with a Tax Reduction Expert can make all the difference. At O’Connor & Associates, their team specializes in estate tax appraisals, providing precise and defensible valuations that align with IRS requirements. Their experts understand the nuances of estate valuations, from real estate and personal property to complex assets like businesses and collectibles. By leveraging their expertise, you can ensure your estate is appraised fairly, avoid overpaying on taxes, and even identify opportunities for tax reduction. Don’t let estate taxes drain your resources. Trust the Tax Reduction Experts at O’Connor & Associates to handle your estate tax appraisals with precision and care. Contac