Drumheller v. Drumheller
Appellate court affirmed trial court’s valuation which rejected proposed minority discount.
Appellate court affirmed trial court’s valuation which rejected proposed minority discount.
Use of marketability discount affirmed.
Trial court erred by valuing interest in LLCs without examining lack of marketability and lack of control.
25% discount for minority interest and lack of marketability affirmed.
50 percent discount for lack of marketability affirmed.
Discounts for lack of marketability and lack of control affirmed.
Discount for lack of control was proper.
Husband’s testimony alone insufficient to warrant discount factor for nonmarketability and minority position. Expert opinion needed.
Accepting Bonfield’s valuation of canning business not clearly erroneous. Bonfield used a 20% premium because of husband’s controlling interest and a 20% discount for reduced marketability.