Family Entities
The Time for FLPs or FLLCs is Now!
This is from Steve Akers’ recent presentation, Estate Planning in Light of One-Year ‘Repeal’ of Estate and GST Tax in 2010: “the…
Estate Planning Lessons from the Waltons
What Can We Learn from Sam and Helen Walton? by: Larry W. Gibbs Contemporary estate planning causes a division of an estate…
U.S. Tax Court – Single Member LLCs Not Disregarded for Gift Tax Purposes
Unlike in the income tax and asset protection arena, single member limited liability companies (LLCs) are not disregarded for gift tax purposes….
Another Lesson on What Not To Do in FLLCs
This is from the latest edition of the GiftLaw eNewsletter: Note from Greg: Family Limited Partnerships (FLPs) were previously the preferred entity…
Tax Discounts Alive and Well – For Now
The U.S. Tax Court issued an opinion on January 29, 2009 in the Estate of Marjorie deGreeff Litchfield v. Commissioner (T.C. Memo….
Family FLP/FLLC Checklist – Make Sure You do it Right
Family Limited Partnerships, or more commonly now, Family Limited Liability Companies, are great vehicles for management and protection of family businesses, real…
