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Recent Cases Affecting Family Limited Partnerships and LLCs


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.

Using Family Limited Partnerships for Estate Planning


Some of them include creating a family limited partnership, a limited liability company or a corporation, all of which will allow the parents to retain control of the ...

Partnerships May Aid Your Estate, but the I.R.S. Is Watching - The ...


Jul 30, 2010 ... Family limited partnerships can help keep family interests in sync ... (One of the problems is that the I.R.S. has not given strict guidance ... abusive partnerships,” said Dan Schrauth, a wealth adviser at J. P. Morgan Private Bank. .... 2016 The New York Times Company · Home · Search; Accessibility conce...

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Protecting Your Family Limited Partnership: Pedersen & Houpt


A popular estate planning vehicle used to achieve estate and gift tax savings and to ... A family limited liability company can be used to achieve similar results. ... A FLP is a limited partnership consisting of one or more general partners and ... is the Estate of Albert Strangi, Deceased, Rosalie Guilig, Independent Executrix v.

By Bruce A. Johnson - American Society of Appraisers


Johnson Inc. located in ... The widespread use of Family Limited ... FLP and keep any real estate or broker- ... tion in Peracchio v. ... al expenses with partnership income. If ... in operating companies. ... Spencer Jefferies, et. al., Comprehensive.