family limited partnerships

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- Family limited partnerships

9.862 documents for family limited partnerships

- Maintain Control with Family Limited Partnerships
The biggest challenge for estate planners is how to reduce estate and gift taxes but allow the client to retain control over his assets. Family limited partnerships (FLPs) provide a solution to this problem. When you place investments, a business, or real estate holdings in a FLP, you retain control of the assets while at the same time making gifts of limited partnership interests to your beneficiaries so that they own part of the equity.
- Intelligencer Journal Lancaster New Era - Saturday Edition
- February 22, 2010
- Family Limited Partnerships.
An alternative to accumulation and maintenance trusts for children? A Family Limited Partnership ('FLP') is a structure that allows a family to tran...
- Mondaq Business Briefing
- Nbr. 2011, January 2011
- The Ebb and Flow of the Federal Tax Role of Fiduciary Duties in Family Limited Partnerships: From Byrum to Bongard
Introduction . II. Nature and tax motivation of family entities. III. Legislative history of section 2036 & the byrum case . A. Legislative History of Section 2036(a)(1) (Possession and Enjoyment). B. Legislative History of Section 2036(a)(2) (The Right To Designate). C. The Byrum Case. 1. Byrum and Section 2036(a)(1). 2. The Byrum Case and Section 2036(a)(2). 3. Lower Court Fiduciary Duty Expansion of Byrum(Estate of Gilman). D. Legislative History of Section 2036(b) (The Right To Vote). IV. The expanding role of fiduciary duties . A. The Post-Byrum Era (Section 2036(a)(1) Focus, 1972-2003). B. The Strangi Era. 1. Strangi III. 2. Strangi IV. C. The Bongard Case. 1. The Majority Opinion. 2. Dissenting Fiduciary Duty Opinion. V. Conclusion .
- Capital University Law Review
- Nbr. 35-1, September 2006

- Family Limited Partnerships and Control Discounts
Distributing assets to Family Limited Partnerships (FLPs) is an estate planning technique designed to reduce assets subject to estate taxation. This paper discusses power index models as measures of power along with extensions of indices to value minority discounts. Power indices and valuation models proposed here are directly applicable to valuing other business entities, particularly where control might be contested. Key among factors affecting control valuation is that voting power among FLP partners is not proportional to ownership. This point is especially important to FLP creation because tax-driven value reductions are directly tied to minority voter discounts.
- Financial Services Review
- Vol. 16 Nbr. 2, July 2007
- Family Limited Partnerships: The Litigation Continues
The litigation over valuation discounts associated with family limited partnerships and limited liability companies shows no signs of abating. Additio...
- Mondaq Business Briefing
- United States Law Articles in English
- IRS continues to challenge family limited partnerships.
[ILLUSTRATION OMITTED] IRS Continues to Challenge Family Limited Partnerships As the IRS continues to litigate family limited partnership (FLP) ca...
- The Tax Adviser
- Vol. 40 Nbr. 12, December 2009
- Irs Issues New Guidelines for Family Limited Partnerships
Recent guidelines for family limited partnerships released by the IRS provide some insight into the agency's attitude towards FLPs and the potential for audits. The Appeals Settlement Guidelines, released to the public with heavy redactions on Jan. 29, 2007, focus on four main issues:
- Lawyers USA
- February 27, 2007
- Jersey Family Limited Partnerships.
Jersey Limited Partnership Law provides a modern and comprehensive framework for the establishment and administration of a Family Limited Partnership ...
- Mondaq Business Briefing
- Nbr. 2010, January 2010
- Family limited partnerships: the year in review.
In November 2005, one of the authors co-authored an article for The Florida Bar Journal regarding family limited partnerships (FLPs), which focused on...
- Florida Bar Journal
- Vol. 82 Nbr. 3, March 2008
- Family Limited Partnerships.
The key to every estate plan is a will and Living Trust, and sometimes an Irrevocable Life Insurance Trust. When considering these estate-planning too...
- The National Public Accountant
- Nbr. 2002, July 2002