Entries tagged “family limited liability companies”
Is This the End for Valuation Discounts in Family Wealth Transfers?
insights Lisa Weinstein Burns · Filmore E. Rose · Scott Ross · September 29, 2016
Wealthy families for decades have been successfully utilizing illiquid, minority interests in business entities such as family limited partnerships (FLPs), family limited liability companies (LLCs), and closely-held corporations to transfer wealth to the next generation or beyond at significantly discounted valuations. These entities commonly hold closely held business interests, real estate, or other investment assets,…