What is the Disadvantage Relating to Capital Gains?

As a Ventura County estate planning law firm specializing in family partnerships, our firm commonly receives questions about family partnership options. We have a team of experts with the legal knowledge to answer questions about the process of choosing a family partnership, and what the benefits of proper estate planning can be.

Our firm can provide expert legal services as estate planning attorneys. We are a Southern California based law firm in business since 1985. We specialize in family partnerships and estate planning matters.

To learn more about family partnerships, or if you would like a free consultation to learn if a family partnership is right for you, please do not hesitate to contact us at (805) 482-2282, or e-mail us.

What determines the value of the partnership interest?

First, the assets of the family partnership are valued. Any real estate must be appraised. Next, a business appraiser determines the value of the units of the family partnership. That determination boils down to the business appraiser giving his or her opinion on the discount discussed above.

That percentage discount is actually the sum of several: (a) lack of marketability, (b) minority interest, and possibly (c) others, such as limited voting rights. A discount of at least 35 percent appears to be the standard.

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