Family Limited Partnerships, The IRS, And Your Estate Planning
How to use a FLP (Family Limited Partnership) in your estate and business planning...
succession planning
Family Limited Partnerships – Victory and Some Pointers
In a recent case, the tax payer had a victory over an IRS challenge that sought to include the full value of FLP (family limited partnerships) assets into the decedent’s estate. Family limited partnerships are often used to manage family businesses, real estate ventures, and even in some cases, publicly traded securities and other more …