We were recently involved with a corporation where the one shareholder had passed away and the heirs to the estate were claiming a half share of the value of the company. A business valuator had valued the business. The accountants for the heirs requested us to give our opinion of value. The business valuator had stated [correctly so] that a one half share was a minority interest. Therefor said the valuator, the estate was only entitled to a discounted value.. The business was valued at $6,000,000 and the survivor offered to pay the estate a discounted value based on a discount factor of 35%. The offer was therefor for $1,600,000. Based on certain factors, we prevailed and the final value was agreed on at $3,000,000.