Beach Properties, Inc. v. Town of Ferrisburg

How courts have described this case

Verbatim parenthetical descriptions written by other courts when citing this decision. Ranked by citation-network relevance.

• holding that while sale was voluntary, parties did not act in their own interest but acted instead to protect common family interests; therefore sale price was not fair market value
• noting findings “must state clearly what evidence it credits and why, so that the parties and this Court will know how the decision was reached”
• upholding determination that sale price did not reflect fair market value where intra-family sale of stock, while voluntary, was not made in the parties' own interest but instead to protect common family interests
• explaining capitalization, or income approach to establishing fair market value of property
• upholding determination that sale price did not reflect fair market value where intra-family sale of stock, while voluntary, was not made in the parties’ own interest but instead to protect common family interests
• fair market value must be based on potential for earning income as well as actual experience over a period of time

Source: CourtListener parenthetical corpus (CC0).