Asset Valuation Expert Witnesses
Asset valuation expert witness candidates typically have experience in forensic accounting, appraisal, real estate, business valuation, economic damages, and/or intellectual property valuation. Cahn Litigation Services is skilled and experienced at identifying the ideal expert to provide expert witness services for asset valuation matters, and is frequently called upon by law firm clients to find a business valuation expert, real estate appraisal expert, certified public accountant (CPA), and other specialized valuation experts.
In the world of finance, a valuation determines, or influences, the present economic value, or fair market value, of an asset. A valuation can be performed on tangible assets (real estate, art, product inventory), or an intangible asset (patent, brand).
There are many reasons for the valuation of an asset, such as for tax purposes, insurance disputes, mergers/acquisitions, and litigation. Valuation methodologies vary depending on the situation. All valuation models have limitations; a valuation requires assumptions and acumen. Therefore, outcomes will vary depending on the assumptions used. When selecting an asset valuation expert witness, it is important to inquire about past appraisals and ask what models and assumptions were used. Forensic accounting is a specialty practice area of accounting, and requires accounting, auditing, quantitative methods, knowledge of certain areas of the law, and investigative skills. Forensic accounting is defined as “the application of investigative and analytical skills for the purpose of resolving financial issues in a manner that meets standards required by courts of law.”
Examples of valuation issues that would require expertise and expert witness work include intellectual property matters (trademark/patent/trade secret), family law (asset valuation), breach of contract, business valuation (mergers and acquisitions, shareholder disputes, bankruptcy), product liability, and fraud.
Litigation support by a valuation expert witness could include an appraisal review, an expert report, valuation opinions, dispute resolution, and expert testimony in court. In a high-profile case, or litigation involving a significant financial stake, a law firm may request a valuation specialist with prior expert witness testimony experience. A valuation expert witness needs to not only have expertise but must also possess the ability to explain complex financial issues to lay people. In addition, clients may seek a valuation industry expert for pre-litigation consulting work.
Asset Valuation Expert Witness - Representative Bios
Please Note: All Cahn Litigation expert witness searches are customized to attorneys' precise specifications and preferences. Attorneys are encouraged to discuss search parameters with a Cahn search specialist.
The below expert witness bios represent a small fraction of those Asset Valuation experts known by Cahn Litigation Services. These bios are provided to give lawyers a sense of the Asset Valuation landscape.