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Post-Death Income Taxes

Sophisticated estate plans generally include certain types of family entities, such as family limited partnerships (FLPs), family trusts or combinations of the two. Often, a senior family member creates these types of structures in the hope that, after his death, his family will be protected from creditors to the greatest extent possible; have a degree of continuity in the management of family assets;

Sophisticated estate plans generally include certain types of family entities, such as family limited partnerships (FLPs), family trusts or combinations of the two. Often, a senior family member creates these types of structures in the hope that, after his death, his family will be protected from creditors to the greatest extent possible; have a degree of continuity in the management of family assets; and save on gift, estate and generation skipping taxes. More significantly, such intra

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