Family Limited Partnership Planning in 2010 and Beyond
November 2010
Family Limited Partnership Planning in 2010 and Beyond
Program Description
Family Limited Partnerships that are properly structured and operated can be a valuable estate planning and asset protection tool. Despite intense IRS scrutiny over the last few years, case law has shown that FLPs are a viable option if key issues such as timing, maintenance, purpose, and value are considered in the planning process.
Register today!
Agenda
8:30 am
Registration & Continental Breakfast
9:00 am
Overview of Materials and Types of FLPs to Analyze
Chapter 14 Special Valuation Rules
- Brief Overview of FLP Transactions Prohibited Under § 2701 and § 2704
Responding to Continuing § 2036 Attack on Family Limited Partnerships
- Statutory Language of § 2036(a)
- Historic Service Victories
- Service and Taxpayer Victories After Strangli Case
- Planning Techniques When Forming New FLPs
- Planning for Existing FLPs
- Strategies When Organizing and Continuing Administration of FLPs
10:15 am
Networking Break
10:30 am
Gifting of FLP Interests - Timing Matters
- New Matters Further Complicating FLP Development
Gift Tax Annual Exclusion Matters
- Planning After Service Victories
Defined Value Clauses
- Current Viability of Defined Value Clauses
Logical Chain of Analysis Relating to FLP Formation
- “How To” Form and Operate Viable FLP Structures That Will Survive Service Scrutiny
12:00 pm
Adjourn
Faculty
David L. Starbuck is a partner and the tax coordinator of the Denver, Colorado, office of the national law firm Baker & Hostetler LLP. He earned his J.D. and LL.M. in Taxation at the University of Denver. Mr. Starbuck focuses his practice on personal tax planning, estate planning, partnership planning and business succession planning for closely held businesses. Mr. Starbuck maintains an active lecturing schedule, including teaching each year at the University of Denver College of Law, Graduate Tax Program, in the areas of estate and gift taxation, family limited partnership and estate planning. Mr. Starbuck has lectured both locally and nationally, most recently at the National AICPA Valuation Conference, in the areas of family limited partnership planning and generation skipping tax planning.
Location Information
CLECI Large Classroom
1900 Grant Street, Suite 300
Denver, CO 80203
Get directions
1900 Grant Street, Suite 300
Denver, CO 80203
Registration Fees
| Non Member | $209.00 |
| CBA | $189.00 |
| TRUST | $109.00 |
- General Credits: 3.00
- Ethics Credits:
- EDI Credits:
To join the CBA or add a Section to your membership click