A family limited partnership is a highly customizable vehicle for generational wealth transfer. The FLP and its close cousin, the family limited liability company, are entities that may be used in ...

A family limited liability company (LLC) is formed by family members to conduct business in states that allow LLCs. Members must be related by blood, adoption, or marriage. The family LLC is a popular ...

Limited liability company structures can help your clients save on their personal taxes, especially estate taxes. Among these types of structures, a family limited liability company or a family ...

The family limited partnership (FLP) is a classic technique to shift income and wealth to your children and future generations. We began this structure with a client about 25 years ago. Ownership in ...

Among the fastest-growing strategies in estate planning in recent years have been a couple of exotic-sounding devices called the family limited partnership and the family limited-liability company.

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