We created a Family Limited Partnership (FLP) for a client to manage and protect their assets while reducing the value of their estate. Our client funded the FLP with nearly $4 million of securities. One of the partners is an Intentionally Defective Grantor Trust, so the assets were removed from the client’s estate. After seven years, the fair market value of the assets is nearly $7 million.
Learn more about our Family Wealth and Estate Planning services.All Insights