Many estate planners who are asked about family limited partnerships or family limited liability companies do not understand the reasons for forming these entities in the planning process. They also are not clear on what is the current status of statutory and case law concerning the continued use of these entities.

This teleconference will help you learn to identify when the use of this entity for a particular client situation is warranted; and what steps to take to maintain or correct an existing family entity to comply with recent changes in the law. This teleconference will also explain the various valuation issues for gift and estate tax purposes; and asset protection benefits with the use of these entities.

Family limited partnerships and family limited liability companies have come under recent scrutiny and attack by the IRS. Failure to properly create or maintain these entities can result in significant tax losses. Failure to consider the use of these entities can result in significant lost tax savings and other nontax benefits. This teleconference is critical to ensure your continued use of family limited partnerships and family limited liability companies meets new tax and legal requirements.

Faculty: Marla M. Castner; CPA; Moss Adams LLP

Verification and Attendance is the responsibility of Lorman Education For credit questions, please contact Lorman at 866-352-9540

On Demand CLE Hours: AL 1.5; AZ 1.5; CA 1.5; CO 2; FL 2; KY 1.5; ME 1.5; MO 1.8; MS 1.5; MT 1.5; NH 1.5; NV 1.5; PA 1.5; SC 1.5; TN 1.5; VT 1.5; WA 1.5; WI 1.5; WV 1.8; WY 1.5

Self-Study CLE Hours: CO 2; FL 2; MO 1.8; ND 1.5; OR 1.5; TX 1.5; UT 1.5; WA 1.5

On demand orders placed on a weekend or holiday will be fulfilled on the next business day.