Willamette Perspectives
October 2023
Editor for this issue: Weston C. Kirk, Managing Director of our Atlanta office.
Preferred Equity in a Rising Interest Rate Environment
Ben R. Duffy and Jacob L. Hudson
Preferred equity valuation is often influenced by the market-based yield for comparable publicly traded securities. Since the yields of publicly traded equity securities typically correlate with corporate bond yields, the prevailing interest rate environment may have valuation implications on the fair market value of preferred equity interests.
Considerations for Valuing the Stadium Seat Licenses of Sports Teams for Estate Tax Purposes
Jackson Crispin
In the preparation of Internal Revenue Service Form 706 (estate tax return), professional and collegiate stadium seat licenses, commonly known as private seat licenses, for certain season tickets often are overlooked. Many estate professionals mistakenly consider them to be of deficient value; however, active public markets exist for the same or similar licenses, and seat licenses can be transferred with the blessing of the respective team. Thus, the seat license should be considered when preparing an estate tax return.
Convertible Bonds as a Component of a Company’s Capital Structure
Keegan M. Pando and Weston C. Kirk
Convertible bonds may provide unique benefits within the private company capital structure. Estimating the fair market value of a convertible bond, therefore, requires a number of unique steps to account for the convertible bond conversion premium.
Willamette Insights and Perspectives Back Issues
July 2023 Perspectives
Editor for this issue: Timothy J. Meinhart
April 2023 Perspectives
Editor for this issue: Charles Wilhoite and Scott Miller
Winter 2023: Best Practices
Editor for this issue: Robert F. Reilly, CPA
Transfer Tax Valuation Thought Leadership
Damages Measurement Thought Leadership
Property Appraisal Thought Leadership
Fair Value Measurement Thought Leadership
Valuation, Damages, and Transfer Price Thought Leadership
Reasonableness of Compensation Analysis Thought Leadership
Autumn 2022: Thought Leadership in Wealth Transfer Valuation Issues
Editor for this issue: Weston C. Kirk
Estate and Gift Tax Planning Thought Leadership
- Economic Uncertainty: A Certain Time to Reevaluate and Estate Plan (Emily A. Dabney, Esq)
- Understanding the Grantor Retained Annuity Trust (John H. Sanders Jr. and Dakota K. Ask)
- Disguised Dividends and Shareholder/Employee Compensation (Eliza Jones and Lisa H. Tran)
- Valuation of Promissory Notes for Transfer Tax Purposes (Timothy C. Ladd)
- Valuation Considerations for Preferred Equity Interests (Ben R. Duffy and Aiden B. Gonen)
- Climate Change and Business Valuation (Barry W. Purnell)
- Estimating the Blockage Discount in the Fair Market Value of Publicly Traded Company Restricted Stock (Chad M. Kirkland)
Income Tax Thought Leadership
Bankruptcy Thought Leadership
Summer 2022: Thought Leadership in Professional Practices and Licenses Valuation, Damages, and Transfer Price Analyses
Editor for this issue: Samuel S. Nicholls
Professional Practice Valuation, Damages, and Transfer Price Thought Leadership
- Professional Practice Intellectual Property Valuation, Damages, and Transfer Price Analyses (Nicholas J. Henriquez and Robert F. Reilly, CPA)
- Valuation of Professional Licenses and Other Individual Intangible Assets (Nathan P. Novak and Robert F. Reilly, CPA)
Professional Practices and Licenses Valuation Thought Leadership
Income Tax Thought Leadership
Winter 2022: Thought Leadership in Unit Valuation Principle Property Tax Appraisals
Editors for This Issue: Connor J. Thurman and John C. Ramirez
Intellectual Property Valuation
- Valuation Adjustments related to the Use of Capital Market Data in Developing Unit Principle Property Appraisals (John C. Ramirez, Robert F. Reilly, CPA, and Charlene M. Blalock)
- Intellectual Property Valuations for Property Tax Purposes (Barry W. Purnell, Robert F. Reilly, CPA, and Charlene M. Blalock)
- The Property-Specific Risk Premium and Unit Principle Property Appraisals (Connor J. Thurman and Robert F. Reilly, CPA)
- Common Misconceptions regarding the Measurement of Obsolescence in Unit Principle Appraisals (Connor J. Thurman and John C. Ramirez)