Product Details

• Amazon Sales Rank: #1145532 in Books
• Published on: 1998-12-30
• Original language: English
• Binding: Paperback
• 180 pages

From the Author
In the years that have passed since we put together our first Family Limited Partnership, we have learned a great deal about how this powerful tool can assist in enhancing and maintaining intra-family values and relationships. We have in fact, successfully used Family Limited Partnerships to meet so many challenging situations that we felt compelled to gather up our various experiences and ideas into one complete handbook for the benefit of a broader audience. We did so in order to assist people in developing a basic understanding of the Family Limited Partnership and how this vehicle can be used to intelligently and sensitively direct and protect a family's assets.Additionally, we wanted to highlight the primary and motivating force behind the use of the Family Limited Partnership.

Overwhelmingly, we have observed that these Partnerships are preferred by those who wish to make an expression of love for family, one which underscores a desire for their loved ones to get - and keep - as much as possible of the fruits of their life's work. Helen Walton, window of Wal-Mart's Sam Walton, probably said it best when discussing their own Family Limited Partnership: "It was great money wise, but there was another aspect to it; the relationship that was established among the children and with the family. It developed their sense of responsibility toward one another. You just can't beat that."

From the Back Cover
Family Limited Partnerships have become a "hot" topic in the financial planning areas. However, many times this valuable estate planning tools overlooked simply because the benefits are not understood. In this book, you will learn how a family Limited Partnership has helped many families and could offer you solutions to

Saving estate and income tax while keeping control of your assets!

Protecting your assets from creditors !

Estate tax and trust alternatives for citizen/resident alien marriages!

Keeping your life insurance out of your estate!

Getting the best of Medicaid and much more!!

About the Author
Charles S. Stoll graduated from Stetson University in 1977 earning a B.B.A. degree with a major in accounting. Upon graduating he was employed with a large regional accounting firm in Ft. Myers (now merged with Cooper-Lybrand). Mr. Stoll passed the CPA Exam in November of 1977 and continues to maintain his Certified Public Accountant license. In 1979 Mr. Stoll was recruited by Paine Webber and joined them as an account executive. From 1982 to 1986 Mr. Stoll worked with Sherson Lehman Hutton as a Financial Consultant. Rejoining Paine Webber (Boca Raton) in 1986, he was instrumental in new accountant development until 1989 at which he left to start his own firm offering a full range of investments, insurance and financial services.Stoll Financial Corp. was formed in 1989. In 1991 Mr. Stoll was invited to participate in the American Doctors Financial Group specializing in helping Florida physicians with wealth creation and preservation. He continues to advise many doctors around the state and is currently the financial advisor to the American College of International Physicians. Mr. Stoll's desire to always provide the most appropriate type of planning led him to become involved in the utilization of the Family Limited Partnership. For the past eight years he has been one of the industry leaders on the use and implementation of the Family Limited Partnerships, instructing attorneys, accountants, and other financial service professionals. He has spoken on numerous radio broadcasts, quoted in USA Today, and published in The International Physician magazine. Mr. Stoll is a Certified Public Accountant, Certified Financial Planner, Certified Estate Planner and a Registered Investment Advisor with the Securities and Exchange Commission. He is also a General Securities Principal, Registered Representative, and licensed life and health insurance agent. He has also been granted the designation of Personal Financial Specialist by the American institute of Certified Public Accountants.

Customer Reviews

Too broad of an overview
I found this book a waste of time and money. It does not cover how to setup a Family Limited Partnership. It goes on to tell short stories about people/situations that have used Family Limited partnerships.

Excellent introduction to the benefits and pitfalls of FLP's
This is an excellent introduction to the benefits of starting a family limited partnership. The book also discusses potential pitfalls that can occur if an FLP is not set up correctly. It is well written and easy to read. The appendix includes a list of lawyers who can provide local expertise in major cities across the US. I have recommended the book to friends.

Helpful
I had been looking for information on Family Limited Partnerships. This book was very helpful. I found it answered alot of my questions about family limeted partnerships.