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Family Limited Partnership

Houston Valuation Services

One of the most popular estate planning tools used today is the family limited partnership investment-holding entity. Not only does the incorporation structure of limited partnerships provide asset protection from creditor claims, it also may offer the advantage of valuation discounts associated with transferring fractional interests by gift or by sale.

Fractional Ownership and Discounts

Whether the partial ownership interest in question is a limited partner or general partner interest, the valuation of fractional ownership usually allows for the application of a discount for lack of control (minority interest) and a discount for lack of marketability. The discounts applied are dependent upon the facts and circumstances unique to every partnership. Such discounts are derived from market evidence, are guided by appropriate revenue rulings and legal precedence, and are applied based on our extensive experience in this area as part of our preparation of a defensible appraisal. The resulting value conclusion can be helpful in minimizing the tax impact connected with the transfer of the subject ownership interest.

Why Choose Convergent Capital Appraisers?

The professionals at Convergent Capital Appraisers possess in-depth knowledge of the applicable IRS code sections, rulings (including Revenue Ruling 59-60) and court decisions regarding appraisals of all types of closely-held business equities. We are also accustomed to working with business owners and management, attorneys, CPAs and other estate planning professionals throughout the valuation process.

We would be glad to discuss your particular situation with you, and work with your advisory group to help you achieve your estate planning objectives. Contact us today.

Why Choose Our Firm?

  • We provide first-class analysis, first-class service.

  • We help clients in a wide range of situations.

  • We have broad experience in multiple industries.

  • We're Accredited Senior Appraisers with MBAs.

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