A family limited partnership (FLP) is a strategy that allows business owning parents to transfer their company to their children and ________ their estate taxes while retaining control over the business.
A) lower
B) modify
C) avoid
D) defer

Question

Quizplus · Accepted Answer

An FLP allows parents to lower their estate taxes by transferring ownership to their children while still retaining control over the business.

A Family Limited Partnership (FLP) Is a Strategy That Allows