Fisher and Price: the end of annual exclusion gifts of FLP interests, or mere child's play? Robert Malone and Jon Stefanik examine the continued use of the FLP as a powerful annual gifting tool in light of the Fisher and Price decisions.

Introduction For decades, taxpayers have utilized annual exclusion gifts of interests in family-owned limited partnerships, and more recently family-owned limited liabilities companies (collectively referred to herein as "FLPs"), as an [...]