Family Limited Partnerships (commonly called FLPs) are frequently used to move
wealth from ... an entity that holds the property (business interests, real estate
investments, ... An FLP can also be ...
Estate of Mirowski v. ..... in exchange for a 98% limited partnership interest held in
the revocable trust and a 2% ... control and lack of marketability on the estate tax
return. The IRS ... capacity as co-executor and as the donee of half of the gifts. .....
after the partnership was formed and there was a real economic risk of a.
Aug 10, 2010 ... An alternative to gifting direct interests in a family home to children or other family
members is to transfer the property to a family limited partnership (FLP) or a
limited ... company (LLC) and to make gifts of interests in the partnership or. ...
Even though real property held by a limited partnership or LLC may be ...