Estate & Gift Tax Valuation

Someone counting and dividing their money.

Engaging a valuation professional for gifting stock facilitates strategic planning by providing substantiated valuation insights, minimizing tax liabilities, and offering a solid foundation for future financial decisions. Prairie’s valuation experts assist in compliance with tax laws, legal protection and enables informed strategic planning for both the donor and recipient. Professionals at Prairie Capital Advisors are accredited by the American Society of Appraisers (ASA), Accredited in Business Valuation (ABV) by the American Institute of Certified Public Accountants or hold the Chartered Financial Analyst (CFA) designation. Our accredited business appraisers and certified appraisal reports meet the requirements as set for by the IRS in Revenue Ruling 59-60.

Is it Time to Consider Gifting?

Successful planning of gift and estate tax strategies involves knowing the value of the business. Proactive planning in the current political environment is imperative. The Tax Cuts and Job Act (TCJA) of 2017 temporarily doubled the estate and gift tax exemption levels until 2025. If these exemptions revert to lower levels after the TCJA expires, individuals may face reduced opportunities for tax-efficient wealth transfer through gifting stock, potentially leading to higher tax burdens for larger gifts. Individuals may need to accelerate their gifting strategies or adjust their timing to take advantage of the current favorable tax environment before the TCJA’s provisions expire in 2025.

When Do I Need a Qualified Appraiser?

The uncertainty surrounding potential changes to tax laws post-2025 underscores the importance of long-term estate planning and considering the implications of gifting stock within a broader tax and financial planning framework. Many tax planning strategies are dependent on the valuation of your business. A qualified appraisal provides legal protection, informs decision-making, and facilitates effective estate planning by demonstrating the stock’s true worth and ensuring compliance with regulations. Prairie Capital Advisors can work with you to prepare a qualified appraisal which is essential when gifting stock to ensure accuracy, compliance with tax laws, and strategic tax planning.

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Contact The Capital Markets Team

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Dan CallananASA

Managing Director 614.768.7301

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