A Thought to Ponder: What is Property?
The definition of property is pivotal in any valuation.
The valuation is essentially an economic quantification of the bundle of rights that are either held or transferred in connection with the valuation project.
The state law that governs the property in question, however, sets the bundle of rights to be considered. As such, they are in effect the set of legal assumptions to be factored into any valuation matter.
It is important that these legal assumptions be provided by legal counsel and not enumerated or opined to by the valuation expert as this is beyond the scope of their expertise.
Call one of our credentialed professionals to assist you in better understanding the impact of “property” for the case at hand or any other valuation or litigation needs.
David F. Zarlenga, CPA\ABV, CVA, CFE
Mr. Zarlenga is a Certified public Accountant with over two decades of experience. Mr. Zarlenga is regularly sought after for a variety of valuation engagements including those involving litigation as well as the estate and gift tax arena. He also is experienced in merger and acquisitions and fraud and forensic accounting.