How to Form a Family Limited Partnership

Sphinx Publishing offers more than 100 Legal Survival Guides that are both accurate and affordable. Written and edited by attorneys, these books provide the most current information in an easy-to-follow format. Our outstanding growth and continued success are a direct result of the high quality of our books for both national subjects and state-specific titles.<P>Last season we entered the Spanish-language market with translations of two of our bestselling legal guides -- Como Hacer Su Propio Testamento (How to Make Your Own Will) and Como Solicitar para Su Propio Divorcio (How to File Your Own Divorce).<P>This season we continue to expand into the Spanish-language market with the revised, third edition of Guia de Inmigracion a Estados Unidos (USA Immigration Guide) and two newly translated titles addressing important social and legal services -- Manual de Beneficios para el Seguro Social (Social Security Benefits Handbook) and Guia de Justicia para Victimas del Crimen (Crime Victim\'s Guide to Justice). Thousands of consumers have already benefited from the English versions of these latter two titles, and with 32 million Hispanics living in the United States, it is clear that many more will benefit from these translations.<P>Currently, Family Limited Partnerships (FLPs) are the last, best way for an individual to protect his or her assets from the high burden of estate taxes and from today\'s litigious society. The FLP is a solid way to protect a business. It keeps the business in the family and protects its assets from the creditors of a family member who may be an employee or an investor in the business.<P>The IRS has long tried to attack these FLPs because of the estate tax savingsthat families have realized. At the beginning of 2001, the IRS finally gave up the fight b.