Posted: Saturday, September 27, 2008 by James Lange
Family Limited Partnerships (FLPs) serve as an attractive estate-planning tool for wealthy individuals. FLPs are best suited for clients who can justify forming an FLP for business reasons and who want to make significant gifts to family members. FLPs allow the donor to retain substantial control over the gifted assets and protect the gifts from potential claims of the donee's creditors.
Finance / Estate Plan Trusts