Family Limited Partnership (FLP) Estate Tax Strategy 2026: Valuation Discounts, Gift Tax Savings & IRS §2036 Risk
How high-net-worth families use a Family Limited Partnership (FLP) to transfer wealth to heirs at a discount in 2026: lack-of-marketability and minority-interest valuation discounts, gift and estate tax reduction, retaining control as general partner, IRS §2036 scrutiny, bona fide business purpose, and how an FLP compares to trusts, LLCs, and GRATs.
family limited partnership FLP estate tax
