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.

If you are age 50 or older, you should take special care when buying living trusts. Your age group is often a special target of salespersons whose goal is to sell you something without carefully analyzing your needs.

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.