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The Wandry Taxpayers Found The Formula

April 2012 | Issue 57 Introduction Taxpayers making gifts of hard-to-value property will sometimes employ a “formula clause” which enables them to retroactively adjust the size of their gift based on a value determination carried out subsequently to when the gift was made.  This is usually done in order to keep the overall size of [...] More...

Courts Allow Reallocation of Gifted Shares

January 2012 | Issue 56 Introduction The U.S. Court of Appeals for the Ninth Circuit, in Petter v. Commissioner, 653 F. 3d 1012, (8/4/11), found for the taxpayer in a case involving the use of a “formula clause” to reallocate gifts of property to heirs and charity. > The Plan Anne Petter lived in Washington [...] More...

Book Value was 2% of Fair Market Value in NJ Buyout Case

November 2011 | Issue 55 In Estate of Cohen v. Booth Computers (421 N.J. Super. 134, 22A. 3d 991, July 13, 2011), the question addressed was whether a family partnership agreement that provides for a buyout based on net book value may be enforced when the disparity between book value and fair market value is [...] More...

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Economic Damages Analysis

Why Use A Financial Expert?

A financial expert can provide critical information that helps attorneys resolve their clients’ business disputes. Hempstead & Co., Inc. offers a full range of financial consulting and expert witness services relative to commercial and financial litigation. With extensive credentials and expertise in financial and economic analysis, valuation, investment banking and a variety of other disciplines, Hempstead’s team of professionals adds valuable financial insights to all stages of a dispute by:

  • Identifying Key Issues & Case Theory Development – Assisting in identifying issues related to damages, collecting relevant information and/or assessing the opposition’s claim.
  • Evaluating Damages – Assessing damage claims, computing alternative damage estimates and providing factual analysis.
  • Pre-Trial Preparation – Analyzing opposing expert’s work and developing testimony and exhibits that convey technical facts in an easily understandable fashion.
  • Providing Expert Testimony and Reports – Hempstead & Co., Inc.’s experts have extensive experience testifying. Our reports are frequently accepted as expert evidence in state and federal court proceedings as well as other dispute resolution forums.

When Is A Financial Expert Needed?

Hempstead & Co., Inc’s financial litigation consulting services are used to compute and/or assess economic damages in a variety of cases including:

  • Bankruptcy
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  • Marital Dissolution
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  • Breach of Contract
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Clients Who Count On Us

Hempstead & Co., Inc. teams with attorneys, from sole practitioners to large law firms, the United States Department of Justice and the Internal Revenue Service. Attorneys and their referrals comprise Hempstead & Co., Inc.’s largest client sector.