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Tag: estate planning

JGPC Law - Estate Planning Strategies Using LLC's, Part One

Estate Planning Strategies Using LLC’s, Part One

Written by JGPC Business Law on .

Estate Planning Strategies Using LLC’s, Part One Why and how do we use LP’s (limited partnerships) and LLC-P’s (limited liability companies taxed as a partnership) for estate planning? (a) Why is entity ownership of assets better than individual/fractional ownership? California Transfer Tax Reasons: Real estate tax and transfer tax freezes, IRS Chapter 14 Rules anti-abuse regulations, valuation discounts. Non-Property/Transfer Tax Reasons: Asset protection, facilitates interest transfers,...

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