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.