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.
Family Limited Partnership
Moderator: Mark T Serbinski CA CPA