Uncertainty in Estate Planning? Changes Coming for Family Limited Partnerships

By: Tim Gulbranson On May 6, the Treasury Department Office of Tax Policy announced that it plans to issue proposed regulations for Internal Revenue Code Section 2704, which regulates property valuation held by a “Family Limited Partnership” (FLP) or “Family Limited Liability Company” (FLLC).  Because of the current regulatory language’s inability to successfully execute the … Continue reading Uncertainty in Estate Planning? Changes Coming for Family Limited Partnerships