Equitable Distribution Value of Small Closely Held Businesses and Professional Practices

Date of Award


Document Type


Degree Name

Master of Valuation Sciences



First Advisor

Richard Rickert

Second Advisor

Mark Gruber

Third Advisor

Gary Schroeder


The valuation of small closely held businesses and professional practices that are used to determine equitable distribution of a marital estate in New Jersey has been the subject of much controversy over the past two decades. The State of New Jersey, in an attempt to arrive at an equitable splitting of the marital assets, passed legislation to provide guidance to the courts as to the factors to be considered in a matrimonial litigation . The courts have failed to fulfill the legislative intent of fairness due to the imposition of a value concept of appraisal that is inappropriate under the circumstance for which it is applied. There is little doubt that a better, more equitable method of appraisal exists for these types of businesses.

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