Estate of Purdue: A Blueprint for FLPing

4 Pages Posted: 13 Mar 2017 Last revised: 14 Mar 2017

See all articles by Phyllis Taite

Phyllis Taite

University of Oklahoma College of Law

Date Written: February 6, 2017

Abstract

In this article, Taite examines Estate of Purdue, in which the Tax Court held that assets of the decedent that were transferred to the family limited liability company were not includable in the gross estate, that transfers to the family trust qualified for an annual exclusion, and that the estate could deduct interest on loans from the estate’s beneficiaries.

Keywords: family limited partnership, estate tax, gift tax

JEL Classification: H20

Suggested Citation

Taite, Phyllis, Estate of Purdue: A Blueprint for FLPing (February 6, 2017). Tax Notes, Vol. 154, No. 6, 2017, Available at SSRN: https://ssrn.com/abstract=2931131

Phyllis Taite (Contact Author)

University of Oklahoma College of Law ( email )

300 W Timberdell Rd
Norman, OK 73019

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