Family Limited Partnerships can be a good strategy to shelter assets and reduce gift and estate taxes. The Family Limited Partnership was designed to help preserve a family business for future generations.  Covering your assets by Mark Klimek in The Wall Street Journal explores what is a Family Limited Partnership. The article  gives a brief guide on how to set one up and the rules that go along with it.  Find out more about the do's and don'ts of Family Limited Partnerships.
To read the entire article on Family Limited Partnerships click here.