Craig specializes in the valuation of family limited partnerships and the valuation of real estate entities for estate planning and administration as well as succession planning and partner disputes. Craig has hands-on experience working in closely held businesses where he was responsible for all accounting and tax functions, as well as project financing, management, and acquisition and feasibility analysis.

Craig began his career in public accounting in 1981 at Arthur Andersen & Co. providing auditing and income tax planning services for public and private companies for five years. He then went on to serve as Chief Financial Officer for several private real estate development and investment companies within the metropolitan Washington, DC area. In 1995, Craig joined Valuation Services, Inc. to provide valuation and litigation support services. In 1998, he became President of Valuation Services, Inc. Craig is a leading expert on the formation and valuation of family limited partnerships and specializes in the valuation of real estate partnerships for estate planning and administration, succession planning, divorce proceedings, partner disputes, and litigation support. Over the years, he has published articles and books, presented, and been engaged as an Expert Witness in the areas of valuation of closely held businesses and fractional interests in closely held businesses. Craig is an active member of national and local valuation related professional organizations, and a member of both the Washington, DC Estate Planning Council and the Northern Virginia Estate Planning Council.

EDUCATION & CERTIFICATIONS
  • Certified Public Accountant (CPA)
  • Certified Valuation Analyst (CVA)
  • University of Richmond, BS in Accounting
PROFESSIONAL AFFILIATIONS
  • American Institute of Certified Public Accountants
  • National Association of Certified Valuators and Analysts (NACVA)
  • Virginia Society of Certified Public Accountants (VSCPA)
  • Washington, DC Estate Planning Council (WDCEPC)
  • Northern Virginia Estate Planning Council (NVEPC)
LITIGATION EXPERIENCE
  • American Arbitration Association
  • Circuit Court for Prince George’s County, MD
  • Circuit Court for the City of Baltimore
  • U.S. District Court for the Eastern Division of VA
  • Circuit Court for Montgomery County, MD
  • U.S. District Court of the District of Columbia
  • Supreme Court of the State of New York, County of Kings
PUBLISHED WORK
  • The IRS Continues to Attack Poorly Designed Family Limited Partnership – Estate of Concetta H. Rector – Wealth Strategies Journal, October 2008 (co-authored with Jeff Bae)
  • Family Limited Partnerships Must Jump the Section 2036 Hurdle – Practical Tax Strategies, May 2003
  • Hackl v. Commissioner – IRS Wins Round One in Court Battle Regarding Gifts of LLC Interests – Practical Tax Strategies, February 2003
  • Family Limited Partnerships – Teaching Materials on Estate Planning, 2nd edition, Gerry W. Beyer, November 1999
  • Consultants Column, Valuing Real Estate Ownership Interests – Corridor Real Estate Journal, February – June 1999
  • How to Establish a Successful Family Limited Partnership – The Practical Lawyer, September 1998
  • Valuation Discounts for Tenancy in Common Interests in Real Estate – Valuation Examiner, February 1998
SELECTED SPEAKING ENGAGEMENTS
  • What to Look for in a Valuation Expert and How to Review Their Reports – Montgomery County Bar Association
  • Valuing Reimbursement Rights in Generational Split Dollar Arrangements – 2005 Key Advisor Symposium, Las Vegas
  • Guest Lecturer – American University, Graduate Accounting Program, Seminar in Family Estate Planning
  • Guest Lecturer – Georgetown University Law School – Certificate in Wealth Planning Program
  • The Real Truth About Valuation Discounts – D.C. Estate Planning Council presentation
  • Taking the Mystery Out of Valuation Discounts – Suburban Maryland Estate Planning Council presentation

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3000 Wilson Boulevard

Suite 220

Arlington, VA 22201

571.447.5400

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