Family Law Valuation
With Family Law Valuation many business valuations are prepared on a single expert witness basis. This reduces the overall cost to the parties as well as reduces the time in court.
There are a number of factors to be taken into consideration when conducting family court valuations and for this reason methodologies vary greatly depending on the type of business being valued.
Whilst valuing property in a Family Law case is mostly straightforward, business valuation for the Family Court can be anything but.
Approaches to Family Law Valuation
There are three generally accepted approaches to valuations. These are the income approach, the asset based approach and the market approach. Within each approach are the methods used to estimate value. The approaches and methods used may or may not be applicable to a particular valuation.
Value to Owner
Sometimes the valuation will dictate the approach and method. When dealing with Family Law Valuations, the value to owner approach is sometimes the appropriate method to use. This is the intrinsic value of the business to the owner, if the business is to be retained, rather than the hypothetical “fair market value”.
Understanding Family Law Business Valuations
It is important that all the parties understand the nature of the business in question and the approach and methodologies used in valuing the business.
In our reports we explain the business and methodology used in valuing the business, and the reason or reasons why we have chosen that valuation approach.
Our reports are clear and concise and are easily understood by all parties in the Family Law matter.
The principle of Business Reports and Values, Lee Goldstein, has been involved in Business Valuations since 1985. He holds the following qualifications:
Double Major Degree in Accounting and Finance
Diploma in Forensic Accounting
Graduate Diploma in Valuation
Advanced Certificate of Business
Advanced International Certificate in Intellectual Property.
Lee has conducted numerous intellectual property valuations covering a diverse range of industries, and is often called upon to provide expert testimony in judicial matters. Lee has valued businesses and intellectual property worth over $3.2 billion.
Lee Goldstein has been the Triennial Certificate holder and Licensee of a Business Broking Company since 1992
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