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Estate taxes loom. Three pieces of real estate need removing from net worth. Where can I get good data on family limited partnerships?
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EdmundBrannen wrote:
Estate taxes loom. Three pieces of real estate need removing from net worth. Where can I get good data on family limited partnerships?

You might also want to consider a Revokable Living Trust. While it can't eliminate estate taxes, it can minimize and defer them. In addition, you avoid probate (a good idea, both because of the expense to the estate and to keep your estate private - probate is a public process, a concern in some cases, especially for large estates).

Piz
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<< Estate taxes loom. Three pieces of real estate need removing from net worth. Where can I get good data on family limited partnerships? >>

You should talk to a good estate planning attorney. Family limited partnerships can be complicated, and the IRS hates them. If one would be helpful for you, you want to make sure it is done correctly because the IRS will look at it very closely and will try to disregard it if possible.

Cameron
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