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en.wikipedia.org/wiki/Family_Limited_Partnership

Family Limited Partnerships (commonly called FLPs) are frequently used to move wealth from one generation to another. Partners are either General Partners ...

www.gdblaw.com/efficacy-of-family-limited-partnership

A Family Limited Partnership may be the most beneficial structure available for wealth preservation via asset protection, estate planning and tax minimization.

www.minnesotabusiness.com/transferring-family-wealth-consider-family-limited-partnership

A family limited partnership offers many perks, including the ability to transfer wealth at substantial discounts from the fair market value of underlying assets.

www.stawealth.com/2017/12/01/family-limited-partnership-2

Dec 1, 2017 ... A Family Limited Partnership (FLP) is created and governed by state law and is generally governed by state law and generally is comprises two ...

www.farmdoc.illinois.edu/legal/articles/ALTBs/archive/ALTB_00-04.html

Taxation. Family Limited Partnerships. Abstract: A family limited partnership is a very attractive estate-planning tool because it permits a parent to significantly ...