What is a family partnership?
A “Family Partnership” is an entity you set up to maximize the wealth you pass on to your heirs instead of to the IRS or your creditors. The partners are typically family members or family trusts. The family partnership presents amazing planning opportunities.
What are the advantages?
– You can reduce estate taxes by as much as 35 percent or more.
– You can erect at least a significant hurdle for future creditors.
– You have more flexibility to change your mind than in co-ownerships, trusts, or corporations.
What are the disadvantages?
– The amount of the discount remains (or may actually be created) as capital gain that will be triggered upon a subsequent sale of the assets.
– Fees to set up: our fees and appraisal fees.
– Annual cost of preparation of partnership income tax return.
It is our privilege to guide clients through estate planning decisions
Estate Planning Attorneys
Valued Client Reviews
Lisa Vertz March 14, 2022. I worked with Brandon Johnson and he was very thorough and excellent to work with on a living trust and will. 
Roman Kisz December 21, 2021. Antonio is great. I work in a related industry, but my wife does not. He sat down with us and helped to get our estate in order by walking us through the trust process. My wife was very happy we took the time to protect our family and to get this crucial step in life accomplished. Thanks again! 
Don Houle August 13, 2021. A great place to place your trust for a trust 
Mike Ricci December 5, 2020. 
Kathy Locklear October 3, 2020. 
Kyle T September 22, 2020. Kevin is very knowledgeable, professional, and easy to work with. Highly recommend for Tax and Estate planning. 
Joan Riley January 16, 2018. I have just completed my trust work with Mr. Staker and I could not. be happier. I was referred to him by a prominent San Fernando Vally commercial realtor so I had high hopes when I met with him and I was not disappointed. Now I am insisting that my children go to him to make certain that their trusts are in order. Joan Riley 
Bryan Freeberg May 2, 2017.
Lisa Vertz
March 14, 2022.
I worked with Brandon Johnson and he was very thorough and excellent to work with on a living trust and will.
Roman Kisz
December 21, 2021.
Antonio is great. I work in a related industry, but my wife does not. He sat down with us and helped to get our estate in order by walking us through the trust process. My wife was very happy we took the time to protect our family and to get this crucial step in life accomplished. Thanks again!
Don Houle
August 13, 2021.
A great place to place your trust for a trust
Mike Ricci
December 5, 2020.
Kathy Locklear
October 3, 2020.
Kyle T
September 22, 2020.
Kevin is very knowledgeable, professional, and easy to work with. Highly recommend for Tax and Estate planning.
Joan Riley
January 16, 2018.
I have just completed my trust work with Mr. Staker and I could not. be happier. I was referred to him by a prominent San Fernando Vally commercial realtor so I had high hopes when I met with him and I was not disappointed. Now I am insisting that my children go to him to make certain that their trusts are in order. Joan Riley
Bryan Freeberg
May 2, 2017.
