McKinnon Patten & Associates LLC

Valuations for Estate Planning

Estate Valuations

McKinnon Patten & Associates LLC provides highly developed estate and gift tax valuation services for tax attorneys, CPA's and financial planners.

It is the burden of the taxpayer to support the values utilized for estate and gift tax returns. Values transferred must be at “Fair Market Value” as defined by the Internal Revenue Service. McKinnon Patten & Associates LLC renders a fair market value opinion that meets all of the IRS standards including Revenue Ruling 59-60. Our valuation reports are also prepared in accordance with the highest professional standards including the Statement on Standards for Valuation Services promulgated by the American Institute of Certified Public Accountants, as well as the Uniform Standards of Professional Appraisal Practice as promulgated by The Appraisal Foundation.

The result is an independent and professional opinion of value that can withstand scrutiny and challenge. We stand by our work and are prepared to discuss our report and results with our clients, the IRS or another appropriate third party if required.

Estate and gift tax services may include, but are not limited to:

  • Valuations of interests in closely held businesses, including family limited partnerships, and securities for gifting or estate returns
  • Valuations of common stock, preferred stock, limited liability corporations and partnerships
  • Discount studies for lack of control and lack of marketability

Contact us to Request a Consultation, or give us a call at 214-696-1922 and speak to Mark Patten for more information.