Ask the Experts: How can an FLP prepare for IRS scrutiny?

The IRS has often challenged FLPs, contending they were created solely for the purpose of avoiding estate tax. The tax courts have generally rejected these challenges, recognizing that most …

Ask the Experts: Should our family business form an FLP?

An FLP, short for family limited partnership, is a business entity known as a limited liability partnership formed by family members only. All limited liability partnerships, including FLPs, have two …

Taking Money Out of Your 401(k)

You’re probably familiar with the rules for putting money into a 401(k) plan. But are you familiar with the rules for taking your money out?

All 401(k) plans are not the same

Federal law …

Protect Yourself against Identity Theft

Identity thieves can empty your bank account, max out your credit cards, open new accounts in your name, and purchase furniture, cars, and even homes on the basis of your credit history. And all you’ll …

Facing the Possibility of Incapacity

Incapacity means that you are either mentally or physically unable to take care of yourself or your day-to-day affairs.

Incapacity can strike anyone at anytime

Even with today’s medical miracles, it’s a real possibility that …