Latest / The High Net Worth Podcast with Fexingo: Wealth Management, Tax Strategy, and Affluent Finance
How Wealthy Families Use Family Limited Partnerships for Valuation Discounts
Episode 136 explores how affluent families use Family Limited Partnerships (FLPs) to transfer wealth at steep valuation discounts. Lucas and Luna break down the mechanics behind minority and lack-of-marketability discounts, using a hypothetical $50 million business to show how families can save millions in estate taxes. They walk through the IRS approval process in a 2026 tax environment, highlight the risks of aggressive discounting, and share a real-world example of an FLP that withstood audit scrutiny. The episode also covers the three key requirements for a valid FLP: economic substance…
The skinny
The skinny isn't ready yet — notes appear once the transcript is processed.