Jorgensen: A Familiar FLP Story
4 Pages Posted: 6 Jul 2009
Date Written: July 6, 2009
Jorgensen provides a common FLP story with a familiar conclusion. Under section 2036, the estate did not receive those coveted FLP discounts and paid taxes on the full value of the assets transferred to their FLPs. The court presents a careful, logical, and well-reasoned decision that should provide guidance in the FLP area to taxpayers.
Keywords: Jorgensen, FLP, family limited partnership, estate tax, discounts, section 2036
JEL Classification: H20, H29, K34
Suggested Citation: Suggested Citation