Family Limited Partnerships in Estate Planning

Agenda / Content Covered

2:00 — 3:30, Cliff Capdevielle

1. Entity Choice for Tax Purposes
2. FLPs vs. LLCs vs. General Partnerships
3. FLP Funding
4. How FLPs are Taxed
5. Asset Protection Considerations

3:45 — 5:15, Cliff Capdevielle

1. Tax-Saving Techniques and Pitfalls: Chapter 14 Valuation Discounts, Section 199A Deduction, etc.
2. Business Continuation/Succession Planning
3. Drafting Successful FLP Formation Documents
4. Using FLPs and Trusts Together

Accreditation Details:

Cliff A Capdevielle is managing attorney with Moskowitz, LLP. His unusual combination of skills has enabled him to develop sophisticated tax planning strategies and resolve tax disputes for clients more than two decades. As lawyer, accountant, longtime instructor and adjunct professor, he helps business and individual clients formulate strategies to utilize the ever-changing array of federal and state tax laws - and relevant treaties - to clients' benefit. With an advanced degree in taxation and extensive practical experience in tax planning, Mr. Capdevielle provides comprehensive counsel to businesses adapting to tax law changes and ongoing work with business owners and other individual taxpayers seeking to preserve assets through trust and estate planning. In addition to his strong planning capabilities, he has considerable experience representing businesses and individuals facing allegations of tax violations. Mr. Capdevielle acts on behalf of clients in direct negotiation with the IRS and state tax authorities, and in litigation in U.S. Tax Court and other federal and state courts. He also represents clients under IRS and state audits and investigations. Mr. Capdevielle earned his B.A. degree from the University of California, his J.D. degree from the University of San Diego School of Law and his LL.M. in taxation from the University of San Diego School of Law.