Family Limited Partnership Upheld on Appeal
Date
2001-10-12
Authors
Harl, Neil
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Abstract
A decision by the Fifth Circuit Court of Appeal, on July 18, 2001, affirmed a decision of the United States District Court for the Western District of Texas which had upheld a family limited partnership formed two days before death to consolidate interests in a 23,000 acre family ranch. In that case, the decedent suffered from cancer but died from another malady.