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BV Source Becomes Family Law Source

by Brian Vertz on November 28, 2011

For the past three years, I have published family law news and analysis on my legal blog. My blog was named BV Source because of my initials and my blog’s emphasis on business valuation (BV) issues in divorce. As the scope of my blog has expanded, the time has arrived to rename the site and […]

Hello world!

August 1, 2011 Uncategorized

Welcome to WordPress. This is your first post. Edit or delete it, then start blogging!

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Military Divorce Law

May 7, 2011 Uncategorized

Recently in one of my cases (several, actually), I have encountered complex issues involving military retirement benefits for retired servicemembers. Fortunately, there is a lot of information out there, from the Department of Defense website to MOAA to Military.com. One of the best (read: most understandable) resources is a book published in 2006 by the […]

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Divorce Court’s Power to Regulate Business

March 4, 2010 Court Decisions

An issue that befuddles some business owners during the course of their divorce litigation is how to regulate the operation and management of their businesses.

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Credibility is King in War of the Experts

June 22, 2008 Uncategorized

The typical “war of experts” was presented in Bussa v. Bussa, 2008 WL 2117138 (Mich.App.), a 2008 unpublished decision of the Michigan Court of Appeals. In this case, the business owner’s expert gave an opinion of value based upon the asset approach. The subject company (actually, companies) was a petroleum sub-jobber comprised of a gas […]

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Executive Compensation

June 18, 2008 Uncategorized

An intriguing article, published recently by BVR on its BVWire blast email, reminds us that executive compensation is one of the most important components of a business valuation. The article summarizes a lecture given by Brian Brinig at the California CPA 2008 BV Conference, in which he challenged the term “reasonable compensation adjustment” as well […]

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Astleford has valuation professionals FLiP’n

June 4, 2008 Uncategorized

Last month the U.S. Tax Court released its memorandum opinion in Astleford v. Com. (TC Memo 2008-128), a case dealing with the minority and marketability discounts applicable to family limited partnerships. In Astleford, the widow of a Minnesota real estate tycoon contributed her interests in real estate (which included real estate partnerships and trusts) to […]

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WV Looks at Goodwill in Professional Practices

May 29, 2008 Uncategorized

The Supreme Court of West Virginia recently considered the enterprise goodwill of a professional practice in divorce proceedings in Helfer v. Helfer, 221 W.Va. 625, 656 S.E.2d 70 (November 2007). In Helfer, the business owner’s expert found that his chiropractic practice was worth $41,000, based on a capitalization of earnings. His wife’s expert found the […]

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May 22, 2008 Uncategorized

I may have mentioned this before on this blog, but it is striking to me how many accountants and valuational professionals regard court decisions as monolithic. At NACVA chapter meetings, I have heard CPAs say that “you must do this” or “you can’t do that” because of some court decision or IRS position. But we […]

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Florida court declines to adopt “fair value” in Erp

May 16, 2008 Uncategorized

A recent Florida divorce decision, Erp v. Erp, considered the valuation of an RV dealership acquired by the husband and wife during their marriage. The dealership was organized as a subchapter “S” corporation, of which the husband and wife each owned 40% of the stock. Husband’s son from a prior marriage and wife’s son from […]

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