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


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


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


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 ...


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