Fifth Circuit Court of Appeals upholds the use of FLP against IRS attack
By Howard Z. Gopman & Maria Motev
Business and Securities Law,
December 2004
In David A. Kimbell, Sr. Independent Executor Under the Will Of Ruth A. Kimbell, Deceased v. U.S., the Fifth Circuit Court of Appeals meticulously examined the facts and concluded that the use of an FLP (family limited partnership) could be upheld.
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