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Discourage Lawsuits

A Family Limited Partnership (FLP) will provide you with four significant advantages that cannot be obtained through any other vehicle. The first advantage is that the FLP can discourage lawsuits. Assets that are protected in the Family Limited Partnership cannot be seized by a judgment creditor. It is unlikely that someone will want to sue you if they do not believe that they will be able to collect a judgment.

 
 
 

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