Family Limited Partnership

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erythrocyte
Posts: 3
Joined: Tue May 05, 2015 1:54 pm

Family Limited Partnership

Post by erythrocyte » Tue May 05, 2015 1:58 pm

I'm wondering if setting up a Family Limited Partnership is a good idea for probate and estate tax minimization issues. We are a cross-border family and planning to invest in US and Canada, probably live in Canada in the short term. If this is a good idea, where should it be domiciled? And are there provisions in the US-Canada Tax treaty for such a thing.

Thanks.

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