Currently, Family Limited Partnerships (FLPs) are the last, best way for individuals to protect their assets from the high burden of estate taxes and from today’s litigious society. Historically, FLPs in every state have thwarted the attempts of creditors to seize individual’s assets. Thus, family inheritances and businesses can be protected and passed on to future generations.
A glossary, thorough index, sample filled-in forms, sample cases and blank tear-out forms make this new title accessible for any consumer.
Karen Ann Rolcik received her law degree from Indiana University. She is licensed to practice law in Texas and Ohio and is a certified mediator in Texas. She has practiced law since 1986, primarily in the areas of wills, trusts, probate, family law and corporate law.