Legal October 31, 2006

Family LLC vs Family Limited Partnership: Which Is Right for You?

The FLP has been used so frequently that it could lead one to the impression that the FLP is a separate kind of entity. However, it isn’t always the case.  An FLP is a Limited Partnership used for family purposes. Similarly, the LLC is becoming used for family purposes, which has coined the usage of […]

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Retirement & Estate Planning October 23, 2006

Charitable Remainder Trusts

Anyone who is subject to paying capital gain taxes on appreciated assets and whose estate is subject to estate taxes is a candidate to benefit greatly from a CRT. How does a CRT Work? A CRT is an irrevocable, tax-exempt trust with two parts:  1)  the income interest, and 2) the remainder interest.  The income […]

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