An FLP structured for estate planning, can be a good idea.
> But its not a one size fits all.
> If your estate planning warrants it, it can be a good idea.
> Complexity is part of the deal.
> It cannot be avoided.
I think complexity in my case has to be avoided and isn't warranted. See my replies to Stuart's comments. I don't like to be suspicious but I have a feeling that this lawyer uses his free tax planning seminars (in which very little in depth information is given) to draw in people who at least need basic documents, like wills, powers of attorney, and the like. From the information he gets from these transactions, he then starts selling whatever estate planning device is the flavor or the month. An FLP, at least from what I've gathered so far, is not appropriate to my situation, and I don't think he asked the right or enough questions to tell me that, but rather based his recommednation solely on my asset level. Bad pr move. Thanks for responding.
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