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Limited Holdings Form

Limited Holdings Form

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Instructions and help about Limited Holdings Form

so the two reasons that people do family limited Partnerships one is for asset protection because you're giving a fractional ownership percentage to other family members and two is for tax planning but the type of tax planning is usually a state tax planning because what you are doing is you are able to do a valuation of that fractional ownership at a discount so there is a marketability discount and a minority interest discount and what that allows you to do is then use up less of your exemption and gift it over to a trust to be able to save more estate tax

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