Houston Family Limited Partnerships Lawyers
Effective estate planning will properly address important matters like the transfer of assets, medical issues and taxes. Thorough estate planning will also provide proper asset protection to individuals and families who need it.
Establishment of a family limited partnership (FLP) is an advance estate planning technique that can preserve assets by reducing tax liability. It can be employed as part of a comprehensive strategic plan that also includes wills, trusts and powers of attorney.
Houston, Texas, Asset Protection Attorneys Advising On Liability Protection And Estate Tax Savings
At the law firm of Frazier & Frazier, we can help you and your family develop and leverage an asset protection strategy tailored to your needs. If a family limited partnership is right for you, it can be used to:
- Reduce the value of a significant estate
- Transfer real estate holdings and other assets to multiple family members
- Maintain control of and pass on a family business with the least amount of tax — an FLP is one form of business succession planning
As your attorneys, we will take considerable time to learn about all relevant aspects of your situation, including your financial goals and the dynamics of your family. Our goal is to help you protect the things that matter most to you.
Every situation is different. At Frazier & Frazier, we believe in developing personalized estate plans that enable our clients to stay true to their values and achieve their goals. To that end, we will listen carefully to you and assist you in preparing an estate plan that you feel good about.
Texas Business Succession Planning Lawyers Serving Sugar Land And Surrounding Areas
Our firm’s Houston, Texas, lawyers can answer your questions about family limited partnerships and other asset protection instruments. Contact Houston, Texas, asset protection lawyers at Frazier & Frazier to schedule an appointment.
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