Lifetime plan will complete estate plan

Lifetime plan will complete estate plan

The entire portfolio can be transferred to a family limited partnership (FLIP) We transferred Joe’s interest in these property-owning LLCs to a second FLIP and sold the limited FLIP interests to a separate IDT We were able to use the cash surrender value of the existing $4 million policy and continue the same premium amount to buy $6.5 million of second-to-die insurance

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TAGS: Taxes
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