The Family Limited Partnership Deskbook PDF Download
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Author: David T. Lewis
Publisher: Real Prop, Trust, Estate ABA
ISBN:
Category : Law
Languages : en
Pages : 280
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Book Description
This book provides a complete reference for the substantive requirements of Family Limited Partnerships and other closely held entities. Useful for planners with all levels of expertise. Includes sample forms on a CD-ROM.
Author: Louis A. Mezzullo
Publisher:
ISBN: 9781641056540
Category : Estate planning
Languages : en
Pages :
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Book Description
"This fourth edition to An Estate Planner's Guide to Family Business Entities brings the second edition current through December 1, 2019 and is designed for the estate planner who is considering the most appropriate way to achieve his or her client's goal of transferring wealth to younger family members. Although it covers both tax and nontax considerations, its major emphasis is on the tax considerations, covering choosing the business entity and comparing the various entities that are available; highlighting recent developments concerning choice of entity; covering the application of the special valuation rules and other transfer tax issues, as well as the use of a grantor retained annuity trust to reduce the value of the gift when transferring an interest in a family-held entity, are discussed"--
Author: David T. Lewis
Publisher: American Bar Association
ISBN: 9781590318171
Category : Business & Economics
Languages : en
Pages : 350
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Book Description
Forming and funding a family limited partnership or limited liability company is both increasingly common and complicated. This current, comprehensive reference provides in-depth analysis of all facets of using these planning vehicles. It begins with detailed guidance on the basic principles of drafting, forming, funding, and valuing an FLP or LLC, but also covers advanced income tax concerns. Added tools include examples and extensive sample forms on CD-ROM.
Author: Brad Galbraith
Publisher:
ISBN: 9780314279330
Category : Family partnership
Languages : en
Pages : 0
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Book Description
Written by an attorney whose practice focuses on the estate and tax planning needs of high net worth families, Family Limited Partnership Agreements Line by Line is a comprehensive examination of the contract provisions that make family limited partnerships such a powerful tax planning and asset protection tool. This publication includes in-depth explanations of the reasoning behind the various provisions in the agreementthose that are crucial to the general partner, as well as those that simply make operations more predictable and efficient for all partners. The book covers such key topics as entity creation, ownership interests, capital contributions and capital accounts, allocations and distributions, entity management, transfers of general partner and limited partner interests, and dispute resolution. Family Limited Partnership Agreements Line by Line is a valuable resource for anyone who works with business owners and high net worth families, as well as those individuals who are interested in capitalizing on family limited partnership planning opportunities. This book contains a CD-Rom that features the PDF and Word versions of the final text of the book, which enables readers to manipulate the contract.
Author: Garrett Sutton
Publisher:
ISBN:
Category : Business & Economics
Languages : en
Pages : 292
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Book Description
"Designed for entrepreneurs and individuals interested in starting their own business, this book provides an indepth study of how the special characteristics of limited partnerships and limited liability companies may be used to your advantage and to assist you in protecting assets, managing wealth and strategic estate planning to minimize taxes. It features strategic uses of limited liability companies and limited partnerships to hold real estate and other assets, how to easily manage and operate a limited liability company or limited partnership, how to creatively plan for your future and your family's future, and how to follow the rules to keep your assets protected."--Publisher description.
Author: Louis A. Mezzullo
Publisher: American Bar Association
ISBN:
Category : Law
Languages : en
Pages : 252
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Book Description
Providing the necessary background for lawyers and financial planners to accurately advise clients on transferring wealth through the establishment of a business entity.
Author: Karen Ann Rolcik
Publisher: Sphinx Publishing
ISBN: 9781572482548
Category : Business & Economics
Languages : en
Pages : 242
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Book Description
Currently, Family Limited Partnerships (FLPs) are the last, best way for individuals to protect their assets from the high burden of estate taxes and from today's litigious society. Historically, FLPs in every state have thwarted the attempts of creditors to seize individual's assets. Thus, family inheritances and businesses can be protected and passed on to future generations.A glossary, thorough index, sample filled-in forms, sample cases and blank tear-out forms make this new title accessible for any consumer.
Author:
Publisher:
ISBN:
Category : Estate planning
Languages : en
Pages : 288
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Book Description
Author: Bruce A. Johnson
Publisher:
ISBN:
Category : Family corporations
Languages : en
Pages :
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Book Description
Author: Michael A. Yuhas
Publisher:
ISBN:
Category : Estate planning
Languages : en
Pages : 360
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Book Description
Author: David R. Nave
Publisher:
ISBN:
Category :
Languages : en
Pages : 0
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Book Description
Highlights the unsuccessful efforts by the IRS in challenging valuation discounts associated with gifts of family limited partnership interests. Advises that the IRS's new approach involves the application of Code Section 2036(a) to include the underlying partnership assets in the transferor's estate without any discounts. Summarizes the estate tax inclusion in Code Sec. 2036(a), outlining the three requirements for includability. Focuses on the element of control maintained by the transferor. Reviews a case in which the IRS argued that underlying assets were includible under Code Sec. 2036(a). Analyzes the original Tax Court opinion and second Tax Court opinion after remand from the Fifth Circuit. Addresses the retained enjoyment and retained control aspects of Code Sec. 2036(a), and considers the relevance of the Byrum case relating to transferred stock. Discusses the exception for a bona fide sale for adequate and full consideration. Reviews a district court case which also applied Code Sec. 2036(a) to a family limited partnership transaction. Notes that the taxpayer argued for application of the bona fide sale exception. Offers extensive planning suggestions for avoiding a challenge under Code Sec. 2036(a) to transfers of family limited partnership interests.
