How The Strangi Case May Impact Estate Planning

Estate of Albert Strangi v. Commissioner of Internal Revenue, T.C. Memo 2003-145, U. S. Tax Court, May 20, 2003.Albert Strangi contributed approximately $11 million in assets to Strangi Family Limited Partnership (FLP). The contribution, which included his personal residence, represented 98 percent of his total wealth. In return, he received a 99% limited ...

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How The Strangi Case May Impact Estate Planning

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