Tuesday, September 20, 2011 2:00 pm EDT / 11 am PDT
Partnership Soup--Nuts Included : Family limited partnerships have been popular estate planning vehicles over the past two decades. However, the Tax Court has made clear that in order be successful, a family limited partnership has to be administered properly and created for legitimate and significant non-tax reasons. In this webinar, our experts discuss the current state of the law with family limited partnerships and review the numerous arguments that the IRS has raised over the years in challenging including:
- Section 2036
- Indirect Gift
- Step Transaction
- Marital Deduction Mismatch
- Section 2038
- Chapter 14 arguments against FLPs and Sales to Grantor Trusts
Our experts will also discuss ideas to best address these arguments, as well as best practices for the administration of these vehicles.
Speakers include Todd Angkatavanich & Stephanie Loomis-Price.