This is the single best way to quickly understand
this state of the art concept for wealthy clients.
Steve explains the pros, cons, income, estate,
gift, and generation-skipping transfer tax implications
of FLPs.
When Steve is finished, you’ll understand why many
authorities are calling the FLP a viable alternative to
or supplement for the Irrevocable Life Insurance Trust
(ILIT) and how an FLP is used as a valuation discounting
device.
This is the clearest overview on this topic you’ll
find anywhere.
