Family limited partnerships (FLPs) and trusts are both tools used in estate planning, but they serve different purposes and offer distinct advantages. An FLP is primarily designed to hold and ...

A family limited partnership (FLP) is a complex structure that serves a strategic purpose for individuals desiring to manage and protect family assets, limit liability and potentially secure tax ...

Family limited partnerships have long been a valuable tool of the estate planner. Although historically recognized as providing estate tax planning benefits through the discounted value of assets ...

A family limited partnership is a limited partnership created by a family, usually the owners of a family business or investment portfolios. The general partner, often a parent, controls the ...

A family limited partnership (FLP) is a limited liability business entity created and governed by state law. It is generally composed of two or more family members and is typically utilized to ...

or "You never told your accountant that you actually did (ci) transfer the real estate into a family limited partnership." or "The only (ci) way that your (ci) acccountant ever (ci) found out ...

She is the author of more than 40 books, is a nationally recognized expert on divorce and family law and has ... opinions or evaluations. A limited partnership (LP) is a business entity with ...