The value of the business must be added to all the other assets in the estate
to determine the total estate value for planning and tax purposes. For tax purposes,
the beneficiaries typically receive a step-up in basis equal to the business fair
market value on the valuation date. Knowing the value of the business is important
for both tax-related and non tax-related decision making.
Sack
Associates
1000 Universal Center Drive, Suite 146
Universal City, CA 91608
