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Transfer Taxation of FLPs

By Gerry W. Beyer

ABA-CLE is sponsoring a teleconference and live audio webcast entitled Estate and Gift Tax Implications of FLPs on Tuesday, August 1, 2006, starting at 1:00 p.m. EST.

Here is the description of the program:

Family limited partnerships are often a major component of a client’s gift and estate plan. However, compliance with the shifting rules makes the use of FLPs in estate planning a challenging strategy.

Join our faculty to learn the current status of gift and estate tax treatment of FLPs and take a close look at emerging issues.

After this program, you will be able to:

    • avoid the pitfalls of establishing and operating a FLP
    • steer clear of potential Internal Revenue Service attacks on FLPs
    • identify situations when a FLP may or may not be an appropriate tool

    The program faculty includes:

    William S. Forsberg, Parsinen Kaplan Rosberg & Gotlieb P.A., Minneapolis, MN
    Stephanie Loomis-Price, Baker Botts L.L.P., Houston, TX
    James Dean Spratt, Jr., King & Spalding LLP, Atlanta, GA
    Hugh F. Drake (Moderator), Brown, Hay & Stephens, LLP,  Springfield, IL

    Posted in:
    Conferences & CLE, Estate Planning - Generally, Estate Tax and Gift Tax