Tax
Dec. 25, 2003
'Stone' Proves Family Limited Partnership Is Alive and Well
Focus Column - Tax Law - By Bruce Givner - The Nov. 7 decision in Estate of Stone , T.C. Memo. 2003-309 (Nov. 7, 2003), confirms that family limited partnerships are alive and well as a device for gift and estate-tax planning. Stone will encourage tax advisers, who had become increasingly negative about using these partnerships after Estate of Harper , T.C. Memo. 2002-121 (May 15, 2002), to recommend family limited partnerships in the right fact situations.
Tax Law
By Bruce Givner
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