Erickson: A Primer on FLPS
4 Pages Posted: 21 Jul 2007
The Tax Court teaches the "do's and don'ts" of FLPs through its step-by-step explanation of section 2036 and its application of that statute to the facts of Erickson, a recent decision.
Keywords: family limited partnership, FLP, estate planning, estate tax, section 2036, Erickson, valuation, discount, bona fide sales
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