Alan Zipp, CPA, ABV, CVA, CBA, CFE, Attorney at Law

This session explains the requirement to identify the standard of value in every appraisal and to clearly define the standard of value being used.  Several standards of value are discussed and defined, including fair market value, fair value, intrinsic value, and divorce value.  Discussion regarding real world applications in relation to technical definitions is provided together with case law illustrations.  Fair value in shareholder litigation is compared and contrasted to fair market value appraisals.