![control control](https://eu-images.contentstack.com/v3/assets/bltabaa95ef14172c61/blt19de57753fdb476d/67336846f8f35d12c8d3b82d/fortgang-control.png?width=1280&auto=webp&quality=95&format=jpg&disable=upscale)
“Let me tell you about the very rich. They are different from you and me. They possess and enjoy early, and it does something to them, makes them soft, where we are hard, cynical where we are trustful ...”
—F. Scott Fitzgerald, “The Rich Boy” (1926, emphasis added)
In creating and administering family limited partnerships (FLPs) and family limited liability companies (LLCs), clients and estate planners share a common aim: the orderly management and tax-efficient transition of wealth to future generations. A pervasive tension threatens this noble goal: Clients are reluctant to yield control, particularly if an FLP holds an operating business, while estate planners prefer to sever all ties out of fear that Internal Revenue Code Section 2036...
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