The Magic of Disappearing Wealth Revisited: Using Family Limited Partnerships to Reduce Estate and Gift Tax

68 Pages Posted: 15 Apr 2009  

Ronald H. Jensen

Pace University School of Law

Date Written: 2004

Abstract

Part I of this article describes the techniques for using family limited partnerships to reduce gift and estate taxes. Part II will discuss the economic validity of the discounts that are allowed under current law. Part III will examine the current status of the law regarding FLPs. Finally, Part IV will discuss the need for reform and will analyze and evaluate the various proposals for reform put forth to date. Part IV will conclude with a new recommendation for curtailing the abusive use of FLPs.

Suggested Citation

Jensen, Ronald H., The Magic of Disappearing Wealth Revisited: Using Family Limited Partnerships to Reduce Estate and Gift Tax (2004). Pittsburgh Tax Review, Vol. 1, 2004. Available at SSRN: https://ssrn.com/abstract=1380646

Ronald H. Jensen (Contact Author)

Pace University School of Law ( email )

78 North Broadway
White Plains, NY 10603
United States
(914) 422-4294 (Phone)

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