A Family Limited Partnership often serves as a valuable component of sophisticated asset protection and estate plans. Estate of Shurtz vs. Commissioner (T.C. Memo 2010-21) illustrates the key factors that the courts have looked at when taxpayers have used Family Limited Partnerships to achieve significant estate tax benefits. Avoid Estate Taxes with Family Limited Partnership
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RECENT DEVELOPMENTS CONCERNING THE ESTATE TAX INCLUSION OF TRANSFERS TO A FAMILY LIMITED PARTNERSHIP Brent B. Nicholson 26 Akron Tax J. 42 2011