Article on a Blueprint for FLPing

Phyllis Taite recently published an Article entitled, Estate of Purdue: A Blueprint for FLPing, 154 Tax Notes (2017). Provided below is an abstract of the Article:

In this article, Taite examines Estate of Purdue, in which the Tax Court held that assets of the decedent that were transferred to the family limited liability company were not includable in the gross estate, that transfers to the family trust qualified for an annual exclusion, and that the estate could deduct interest on loans from the estate’s beneficiaries.