October 2010 Katz Baskies LLC Newsletter
Many clients face the frustrating process of finding decent returns on investments during this period of low-interest rates. But for estate planning purposes, low-interest rates can present tremendous opportunities. For example, some families use limited partnerships (thus known as “family limited partnerships”) as part of their overall wealth management. It is very important to remember to follow all of the formalities of a limited partnership because if you don’t, the IRS definitely won’t. A helpful reminder is provided.