Family Limited Partnerships: The Beat Goes On


Family limited partnerships ("FLP's") are commonly used for estate planning and estate tax savings. They have come under attack by the IRS. Of late, courts have often held that the assets of an FLP are included in the decedent's estate under section 2036 of the Internal Revenue Code. The article discusses a number of recent, highly important cases in this area and makes a proposal for reform.


Estates and Trusts | Taxation-Federal Estate and Gift | Tax Law

Date of this Version

September 2006