FLPs

by Bruce Givner on May 19, 2011

Find Out How A Family Limited Partnership or FLP Can Protect Your Families Wealth

(310) 207-8008

Family limited partnerships or FLPs have been used for generations to protect and transfer family wealth. In a Family limited partnership (FLP) partners are either general partners (GPs) or limited partners (LPs). The general partner (GP) is managing partner. This partner generally has all management and control over the partnership and distribution of assets. The limited partners have no control over the partnership. They only have an interest in the partnership equal to their membership interests.

The family limited partnership (FLP) can be used to protect real estate and liquid assets. The family limited partnership (FLP) provides family members a terrific way to pass wealth to kids, grandkids and heirs.

Contact Givner & Kaye today to learn all of the tax advantages and asset protection advantages of the family limited partnership (FLP).
(310) 207-8008

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