Program error updating 12150
Sometimes for schools and an environment for raising our daughter. But never thinking we were making an investment, let alone a good one. Other times we’ve rented and enjoyed the freedom and flexibly that lifestyle offers.
Sometimes we’ve been both landlord and tenant at the same time, arguably the best of both worlds.
What you need to keep the young ones smiling is some good estate planning chatter.
Hopefully the following estate planning tidbits will make you the hit at the next campfire.
■ FLP discounts: – The IRS is continuing its onslaught against partnership discounts.
The latest salvo will be regulations negating discounts on FLPs/LLCs (perhaps only on those not operating an active business) what should you be doing? If discounts are nixed and your estate is under the federal exemption amount, you might do a happy jig! Because the IRS will have done most wealthy, but not ultra-wealthy, taxpayers a favor.