Best Estate Planning Attorneys in Lake Mary, FL

Estate Planning attorneys have long recommended the use of closely held entities such as family limited partnerships (“FL Ps”) and limited liability companies (“LL Cs”) to provide flexibility in allocating rights to profits and capital, to shift income and property appreciation from one generation to the next, and to provide asset protection. Individuals transfer assets to the entity in exchange for membership or partnership interests, which provide management control and income distribution rights, but which may be subject to certain restrictions set forth in the governing documents.