Archive for July 5th, 2007

05 07 2007

Family Limited Partnership-Abusive Tax-Free Wealth Transfer

Posted by: Eric Hundin in , Estates, Wills, Trusts, Career Information, Blog Carnival

Family limited partnerships, one such traditional limited partnership, have been over marketed as wealth transfer devises. Family limited partnerships are red flags for the Internal Revenue Service as abusive tax-free wealth transfers. Family partnerships have been widely propagated as the devise of choice for transferring the family business and other highly appreciated assets tax-free from parents to their children.

Different programs are available to transfer ownership (more…)

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