The ABA Real Property, Probate & Trust Section is offering a teleconference and webcast today on Estate and Gift Tax Implications of FLPs from 1:00 p.m. – 2:30 p.m. EST:

Family limited partnerships are often a major component of a client’s gift and estate plan. However, compliance with the shifting rules makes the use of FLPs in estate planning a challenging strategy. After this program, you will be able to:

• Avoid the pitfalls of establishing and operating a FLP
• Steer clear of potential IRS attacks on FLPs
• Identify situations when a FLP may or may not be an appropriate tool

Faculty:

• William S. Forsberg (Parsinen Kaplan Rosberg & Gotlieb, Minneapolis, MN)
• James Dean Spratt, Jr. (King & Spalding, Atlanta, GA)
• Hugh F. Drake (Moderator) (Brown, Hay & Stephens, Springfield, IL)