NO.PZ202411210200003204
问题如下:
Describe two
benefits of using a family limited partnership for the McDaniels.
选项:
解释:
Assuming the
illiquid timberland partnership, the hedge fund, and venture capital
investments, with a total market value of USD 20 million, are put into a family
limited partnership (FLP), with the expected combined lack of liquidity and
lack of control discount of 25%, the FLP shares would be valued at just USD 15
million. This is because the recipient would have little control and find it
difficult to sell the FLP shares.
Therefore, a gift
of USD 24,000 worth of the underlying assets, when gifted in the form of the
FLP shares, would qualify for the USD 18,000 gift exclusion. In addition, the
FLP shares would provide the heirs with access to private equity, private debt,
and other alternative investments that have significant minimum investment
requirements that they may not otherwise be able to meet.
FLP原理我懂,不用细说。我想问这道题为什么 说putting the less liquid assets into a family limited partnership,为什么把流动性不好的放在FLP?流动性不好的本来就有discount啊,没必要再放入FLP啊,难道是就为了lack of control discount吗? 老师说是把流动性好的放在FLP这样可以最大化transfer value,FLP这才有意义。所以我认为 应该把流动性好的和不好的都放进去。我说的对吗?这种问答题不会是让我们纠正题目的错误吧?我们就是默认题目说的是对的是吗?