Spousal Lifetime Access Trusts: Pitfalls for the Unwary Couple
A spousal lifetime access trust (“SLAT”) is an increasingly popular asset protection tool in high-net-worth estate planning. Although SLATs can be highly effective, they present two key pitfalls that may undercut their intended benefits. Careful estate planning can mitigate those risks.
Avoiding Double Discounting in Tiered Business Structures
Valuing an interest in a tiered business structure is not typically a straightforward appraisal assignment. As valuation professionals navigate multiple layers of control and marketability, the risk of double discounting becomes a potential issue. A quantitative framework demonstrates the avoidance of double discounts.
Measuring Customer Concentration Risk Within the Company-Specific Risk Premium
Customer concentration risk is a frequent occurrence for privately held companies, yet it often is overlooked within valuation analyses. By linking modeled cash flow disruption scenarios to implied discount rate adjustments, valuation professionals can more directly support company-specific risk premium selections.
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