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technique
Family limited partnership
1 creator use or recommend it
▲ 1 active in the last 90 days
1 recommend
Last discussed Oct 28, 2026
Estate planning vehicle in which family members hold partnership shares while a general partner keeps control.
Recently discussed in
From a $27,500 Charter Company to a $4 Billion Private Jet Giant | Kenn Ricci, Flexjet
Kenn Ricci · Oct 28, 2026
What creators say
KR
Kenn Ricci
recommends
Used for: Transferring wealth to his children early, before assets appreciate
Praised: General partner keeps flexibility over distributions; gifting shares before a...
vs: Contrasted with controlling trusts that pay out at 25, 35, and 45; mirrors Sa...
"As soon as I could, I gifted shares. When they were born, I gifted. It's a family limited partnership, so the general partner, which is me, still can... I have all the flexibility in the world to make distributions. It's a phenomenal vehicle. So, ..."
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