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A family limited partnership (FLP) or a limited liability company (LLC) can be an effective estate tax planning vehicle for families with business interests or real estate holdings.

Our family limited partnership attorneys are skilled at communicating complex entities such as family limited partnerships and LLCs, so that clients easily understand and appreciate their usefulness.Contact us to schedule a consultation on your family- and business-related estate planning needs.

Family limited partnerships and LLCs allow owners to remain in control of businesses and complex asset portfolios while beginning an orderly and tax efficient transfer of ownership to family members. Asset transfer to the next generation will be completed at the time of death or at any time that is deemed appropriate by our clients who implement estate planning techniques such as family limited partnerships and LLCs.

As career estate planning lawyers, we are skilled at working closely with clients to determine and plan for an orderly transition of assets at a pace that is right for each person, family, and business.

Family limited partnerships and LLCs are not for everyone. They are, however, an option worthy of close examination by families who wish to transfer control of substantial assets in an orderly, tax-favorable manner. Families that own residential rental properties or commercial real estate often stand to gain many benefits through the implementation of family limited partnerships and LLCs.

Contact Samuel, Sayward & Baler LLC in Dedham, Massachusetts, to discuss the appropriateness of a family limited partnership or an LLC as a vehicle to an orderly, planned transfer of business or extensive personal assets.