Opportunities and challenges: Valuation in the age of COVID-19

The tax implications of various estate planning strategies depend on the value of your assets at the time they’re transferred. The COVID-19 pandemic has had a significant impact on the value of many asset types, which may create attractive estate planning opportunities. It also presents unique challenges for valuation professionals. Generally, valuators consider all three of the major valuation approaches: the income, market and asset approaches. The pandemic may affect the relative appropriateness of each approach and the amount of weight they should be assigned. Valuators are emphasizing income-based methods, such as the discounted cash flow method. Contact us for more details.