Avoiding Audit on Your Valuation Journey – The Art of Crafting Defensible Appraisals
This session will provide guidance to estate planning attorneys in reading and commenting on valuation reports, with a focus on assisting readers in refining appraisals to ensure that gift, estate, and generation-skipping transfer tax returns are prepared in a manner that is most defensible in audit and in court, if need be.
Topics addressed will include:
- The role of advisors in reviewing appraisal reports in detail
- The backbone of appraisals
- The type and extent of review of the appraiser’s analysis and conclusions
Stephanie Loomis-Price is a shareholder in Winstead’s Wealth Preservation Practice Group. Stephanie handles federal gift and estate tax litigation against the Internal Revenue Service across the country, as well as state fiduciary and probate controversy work in Texas courts. She also counsels clients nationally regarding complex estate administration and litigation and audit risk minimization.
Board Certified in Estate Planning and Probate Law, Stephanie is a Regent and Fellow of the American College of Trust and Estate Counsel (ACTEC), where she serves as Vice Chair of the Business Planning Committee. In addition, Stephanie serves as Finance Officer for the Real Property, Trust and Estate Law Section of the American Bar Association.
On tax matters, Stephanie has represented clients before the United States Tax Court, the United States Court of Federal Claims, and United States Court of Appeals for the Fifth, Eighth, and Eleventh Circuits in such ground-breaking cases as Bongard, Christiansen, Cook, Dunn, Hendrix, Holman, Jameson, Kerr, McCord, Petter, and Stone.
Stephanie speaks frequently at national venues, speaking recently at many of the premier estate planning conferences, such as: Heckerling Institute on Estate Planning; ACTEC; Hawaii Tax Institute; Tulane Tax Institute; American Bar Association Tax Law Section; American Bar Association Real Property, Trust & Estate Law Section; ALI-CLE Estate Planning for Business Owners; ALI-CLE Planning Techniques for Large Estates; ALI-CLE Advanced Estate Planning Techniques; and RPTE’s Skills Training for Estate Planners course.
Stephanie has been recognized in The Best Lawyers in America publication, as one of the Top 50 Women attorneys in Texas by Texas Monthly, and in Who’s Who Legal: Private Clients. She is a past recipient of the Excellence in Writing Award by Probate & Property and of the Judge Thomas Gibbs Gee Award for Outstanding Pro Bono Service. She has authored one BNA Portfolio and is in the process of finalizing another.