Reflections on FLP and LLC Cases

Ronald D. Aucutt (Partner, McGuireWoods, LLP) has written a new article entitled Reflections on FLP and LLC Cases, 34 ACTEC 99 (Fall 2008).

Here is a summary of the article:

This article is a companion to the family limited partnership—family limited liability company (“FLP-LLC”) article in this same issue of the ACTEC Journal authored by Louis A. Mezzullo. The article provides additional analysis and insight to recent I.R.C. § 2036(a) Tax Court cases in this area of the law. The article concludes by offering practitioners sound advice in the implementation of an FLP-LLC.