Inheritance
“I own substantial commercial real estate assets and want to pass them to my children, is forming a Family Limited Partnership the most tax-efficient legacy structure?”
Passing commercial real estate to children often raises a mix of estate, gift, income tax, and control considerations, and the best structure can depend on how the properties are held, whether there is debt, how much management control is being kept, and how the family wants ownership and decision-making to work over time. A Family Limited Partnership is one common legacy planning tool, but its tax efficiency and practicality often vary based on valuation issues, transfer timing, and how the partnership is operated. The real answer usually turns on the asset mix, family goals, and the surrounding estate plan. A short conversation with a CPA can sort out what applies to your specific numbers.
In your 60-minute session, the KGOB advisor handling it will:
- Read your exact situation and tell you, in plain English, what’s actually going on.
- Lay out your options and the trade-offs — no jargon, no judgment.
- Give you a clear next step you can act on, whether that’s with us or on your own.
This page is a prompt to start a conversation, not tax or legal advice, and states no tax-law specifics as fact. A consult session does not by itself create an ongoing engagement. We do not promise specific outcomes or savings. Kohari Gonzalez Oneyear & Brown PLLC — Charlotte, NC.
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