Family Limited Partnership Agreements Line by Line: A Detailed Look at Family Limited Partnership Agreements and How to Change Them to Meet Your Clients' Needs

Written by an attorney whose practice focuses on the estate and tax planning needs of high net worth families, Family Limited Partnership Agreements Line by Line is a comprehensive examination of the contract provisions that make family limited partnerships such a powerful tax planning and asset protection tool. This publication includes in-depth explanations of the reasoning behind the various provisions in the agreement those that are crucial to the general partner, as well as those that simply make operations more predictable and efficient for all partners. The book covers such key topics as entity creation, ownership interests, capital contributions and capital accounts, allocations and distributions, entity management, transfers of general partner and limited partner interests, and dispute resolution. Family Limited Partnership Agreements Line by Line is a valuable resource for anyone who works with business owners and high net worth families, as well as those individuals who are interested in capitalizing on family limited partnership planning opportunities. This book contains a CD-Rom that features the PDF and Word versions of the final text of the book, which enables readers to manipulate the contract.

About the Author

Brad A. Galbraith is a partner in the Naples, Florida office of Hahn Loeser and Parks LLP and serves as the co-managing partner of the firm's Indianapolis, Indiana office. He provides creative, cutting-edge estate, tax, and business planning advice to business owners and other wealthy individuals, and he is a frequent speaker and author on estate, tax, and business planning topics. He is board certified in wills, trusts, and estates by the Florida Bar Association and maintains his Indiana certified public accountant license.