Houston Estate Planning and Elder Law Attorney Blog
FLPs offer multi-layered benefits by providing senior family members with several advantages—all without ceding control of the assets to junior family members.
Estate Planning is often a game of give and take. So what if you want to give away your assets, but not just yet?
As is so often the case, where there’s a need there’s a tool. A particularly powerful tool in this case is the Family Limited Partnership (FLP). An FLP can do double duty as a tool for asset protection as well as for estate planning.