ATTRIBUTES OF A FAMILY LIMITED PARTNERSHIP

Written by Skolnick Law Firm. Posted in Articles

STRUCTURE

An FLP has two types of partners: general partners and limited partners. The general partners have management control and unlimited liability. The limited partners have no voice in management and are entitled to receive only such distributions as are declared by the general partners.

The Funeral Rule

Written by Skolnick Law Firm. Posted in Articles

When a loved one dies, grieving family members and friends often are confronted with dozens of decisions about the funeral — all of which must be made quickly and often under great emotional duress. Most funeral providers are professionals who strive to serve their clients’ needs and best interests. Unfortunately, a few bad apples take advantage of clients through inflated prices, overcharges, double charges, or unnecessary services.

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