White Paper

3 Pages
  • 3 Pages

Family Limited Partnership Estate Planning Strategies


FLPs are a valuable tool in estate planning.

Understanding family limited partnerships for estate planning may save your client’s family a considerable amount in estate taxes. While the IRS has a degree of discomfort with the use of LLCs and FLPs in estate planning, their use will continue to be protected where they are properly formed and used. This white paper offers a checklist of what to consider when forming an estate plan that includes LLCs and FLPs.



Cameron L. Hess, Esq., CPA, MBT

Cameron L. Hess, Esq., CPA, MBT

Wagner Kirkman Blaine Klomparens & Youmans LLP

  • Partner with the Northern California law firm of Wagner Kirkman Blaine Klomparens & Youmans LLP
  • Business, real estate, estate planning and federal and state tax attorney (emphasis: real estate, IT, closely held businesses)
  • Chair Corporate and Pass through Entities Committee of the California Lawyers Association Tax Section; past member Business Law Section’s Committee of the same name
  • Adjunct professor at McGeorge School of Law (Partnership Taxation)
  • More than 35 years of experience
  • Chair, The RED Group, a CalCPA Sacramento Real Estate think tank, 26-years
  • Committee member/past chair CalCPA Ed Foundation Tax Conference (and prior Real Estate Conference), 17-years
  • California Apartment Association – Sacramento Valley (government relations/past president)
  • National speaker on tax law
  • Prior: KPMG Lost Angeles Office State and Local Tax Practice (manager)
  • Spidells California Taxletter, past columnist, continuing contributing writer

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