This strategy and accompanying document is 33 indexed pages and the cornerstone for protection of your assets. Limited Partnerships are the Fort Knox of advanced financial planning; their use is recommended for everyone with assets worth protecting. Use them for stocks, bonds, real estate, equipment or just plain cash. Click here for EXAMPLE CHARTS. The Limited Partnership has three statutory advantages:

LAWSUIT PROTECTION . . . A limited partnership generally may not be broken up or dissolved simply because one limited partner, or the general partner, is sued. Limited partnership statutes provide protection for the assets of the partnership from the individual creditors of the sued partner.

The Limited Partnership is virtually unpenetrable in a lawsuit. There are serious disadvantages to a plaintiff even bringing suit, due to what is called a charging order. A judgment creditor can be assessed income tax on income he may never receive simply because he obtained a judgment. If the partnership has income, but the income is not distributed, the IRS says the judgment creditor must pay tax on the undistributed income, on money he does not and may never see. No one, in their right mind, will even want to bring suit!

INCOME-TAX PROTECTION - SPREADING INCOME . . . Spread income and asset appreciation to children or grandchildren who are in lower income tax brackets. An excellent tool!

ESTATE PLANNING PROTECTION . . . The "informed" public saves millions of dollars each year through proper use of limited partnerships. A general partner can control 100% of the partnership assets with 1% ownership. The proper placement of appreciating assets in this vehicle, with limited partner ownership vested in your children, reduces inheritance taxes on your estate. Estate and inheritance taxes are based on what you own--not what you control.

Use several of these Limited Partnerships to insulate your assets from one another, as well as from creditors. Recommended for everyone with assets worth protecting. Connect the Family Limited Partnership to your Revocable Living Trust.

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