Review key cases, analyze developments in the last 5 to 10 years, and understand (going forward) the creation, operation, and dissolution of family limited partnerships. Implied agreement cases, Strangi II control cases, bona fide sales exceptions under Bongard, and possible implications related to the Estate of Powell will be covered.
Credits: 1 General, 0 Diversity/Inclusion PR, 0 MH/SA PR, 0 Other PR
Stephen A. Frost, Huck Bouma P.C., Wheaton
Jason S. Ornduff, Harrison & Held, LLP, Chicago
Originally presented as part of the 62nd Annual Estate Planning Short Course, available in its entirety as P9004-19U.