How to settle an estate
Article Abstract:
The equitable distribution of a set of assets between two beneficiaries given various valuation methods is examined. Such a problem occurs in a divorce, the dissolution of a partnership and the settlement of the estate of the deceased. Given that the assets have separate tax bases and market values, cases wherein the beneficiaries possess cash, asset liquidation is an option or valuation is subjective, are analyzed. The model predicts that if an objective appraisal method is agreed upon by the beneficiaries, value differentials are minimized. However, subjective valuationresults in several tradeoffs to be considered in negotiations. The computational models presented allow simultaneous satisfaction of both impartiality and efficiency standards.
Publication Name: Management Science
Subject: Business, general
ISSN: 0025-1909
Year: 1993
User Contributions:
Comment about this article or add new information about this topic:
Is Franz Bibfeldt for real? Yes and no
Article Abstract:
The Catholic theologian Franz Bibfeldt was created by two theologians from the University of Chicago Divinity School in the late 1940s. His alleged works took on new life when the students began making references to Bibfeldt in the student magazine and the school librarian and college bookstore participated in the hoax. Bibfeldt's alleged contribution to theology was an analysis of the lack of the Year Zero on the Christian calendar.
Publication Name: The New York Times Book Review
Subject: Business, general
ISSN: 0028-7806
Year: 1999
User Contributions:
Comment about this article or add new information about this topic:
- Abstracts: Why Real Estate is an Attractive Tax Shelter. Look at the Mini-Mills. A Look at Real Estate Since WWII
- Abstracts: When ethics travel: the promise and peril of global business ethics. Job Security: Pipe Dreams or Promise
- Abstracts: Warding Off the Big Chill: Ethical Investing for Profit. Exposed Shelters. Tax Shelters: Investing with Uncle Sam in Mind