J. investor who runs a family limited partnership with his wife, Ann, and their children.
The thing for Joe to give away would be units in the family limited partnership.
FORBES: IRS Position On Wandry Decision Makes 2012 Gifting More Difficult
But a different ploy, sometimes called a charitable family limited partnership, is much dicier.
As I have frequently mentioned, the key to having a family limited partnership work is good execution.
FORBES: Fifth Circuit Upholds Keller Decision - Shows Power Of The Family Limited Partnership
You might not be able to use a family limited partnership to leverage the exemption, whatever the exemption might be, next year.
FORBES: Fifth Circuit Upholds Keller Decision - Shows Power Of The Family Limited Partnership
This is a perfect fact pattern for a solid family limited partnership.
FORBES: Family Limited Partnerships Require Good Planning and Execution
Some tax planning--for example, using a family limited partnership to reduce the taxable value of gifts--holds up best when it's done for nontax reasons, too.
Closer to home, consider owning assets within a family limited partnership (FLP) and taking advantage of leveraged gifting in order to reduce your taxable estate.
The leverage of a family limited partnership might allow the transfer of as much as seven or eight million dollars of assets using that exclusion.
FORBES: Fifth Circuit Upholds Keller Decision - Shows Power Of The Family Limited Partnership
They had helped Ms. Williams set up a family limited partnership.
FORBES: Fifth Circuit Upholds Keller Decision - Shows Power Of The Family Limited Partnership
The donor puts shares of a family limited partnership into the CLAT and values those shares at less--say, 35% less--than the underlying assets in the partnership.
In 1953, when Wal-Mart was hardly a chainlette, he put the business into a family limited partnership and gave shares (then worth very little) to his kids.
The legacy assets are owned by a family limited partnership.
FORBES: IRS Position On Wandry Decision Makes 2012 Gifting More Difficult
It is a really amazing family limited partnership case.
FORBES: Fifth Circuit Upholds Keller Decision - Shows Power Of The Family Limited Partnership
You can transfer stock in a startup before it appreciates, or stick real estate in a family limited partnership and then give partnership shares at a discount from the value of the underlying assets (FORBES, Apr. 17 ).
Lockett create a family limited partnership.
FORBES: Family Limited Partnership Needs To Have Partners - Plural
On the creative side of wealth management, you can also form business entities such as a family limited liability company or limited partnership to house assets.
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