{"id":47849,"date":"2018-11-20T17:14:58","date_gmt":"2018-11-20T17:14:58","guid":{"rendered":"http:\/\/caseylawgroup.com\/?page_id=47849"},"modified":"2020-03-13T14:54:16","modified_gmt":"2020-03-13T19:54:16","slug":"what-protection-is-available-through-a-family-limited-partnership","status":"publish","type":"page","link":"https:\/\/caseylawgroup.com\/video-links\/what-protection-is-available-through-a-family-limited-partnership\/","title":{"rendered":"What protection is available through a family limited partnership?"},"content":{"rendered":"<p>[et_pb_section fb_built=&#8221;1&#8243; disabled_on=&#8221;off|off|off&#8221; _builder_version=&#8221;3.22&#8243; background_color=&#8221;rgba(249,249,249,0)&#8221; background_image=&#8221;https:\/\/caseylawgroup.com\/wp-content\/uploads\/2018\/12\/iStock-912466964-min-1-min-1.jpg&#8221; background_blend=&#8221;overlay&#8221; custom_padding=&#8221;54px|0px|70px|0px|false|false&#8221; border_width_top=&#8221;5px&#8221; border_color_top=&#8221;#025932&#8243; border_width_bottom=&#8221;5px&#8221; border_color_bottom=&#8221;#d6a345&#8243; saved_tabs=&#8221;all&#8221;][et_pb_row _builder_version=&#8221;3.25&#8243; custom_padding=&#8221;0|0px|0|0px|false|false&#8221;][et_pb_column type=&#8221;4_4&#8243; _builder_version=&#8221;3.25&#8243; custom_padding=&#8221;|||&#8221; custom_padding__hover=&#8221;|||&#8221;][et_pb_text _builder_version=&#8221;3.27.4&#8243; text_font=&#8221;||||||||&#8221; header_font=&#8221;|600|||||||&#8221; header_text_color=&#8221;#ffffff&#8221; module_alignment=&#8221;center&#8221;]<\/p>\n<h1 style=\"text-align: center;\">Video FAQs<\/h1>\n<p>[\/et_pb_text][\/et_pb_column][\/et_pb_row][\/et_pb_section][et_pb_section fb_built=&#8221;1&#8243; _builder_version=&#8221;3.22&#8243; custom_padding=&#8221;35px|0px|35px|0px|true|false&#8221;][et_pb_row column_structure=&#8221;2_3,1_3&#8243; _builder_version=&#8221;3.25&#8243; custom_padding=&#8221;0|0px|37.2969px|0px|false|false&#8221;][et_pb_column type=&#8221;2_3&#8243; _builder_version=&#8221;3.25&#8243; custom_padding=&#8221;|||&#8221; custom_padding__hover=&#8221;|||&#8221;][et_pb_text _builder_version=&#8221;3.27.4&#8243;]<\/p>\n<h2><strong>Asset Protection Law<\/strong><\/h2>\n<h4>What protection is available through a family limited partnership?<\/h4>\n<p>[\/et_pb_text][et_pb_text _builder_version=&#8221;4.0.6&#8243;]<\/p>\n<p style=\"text-align: center;\"><div class=\"lyte-wrapper fourthree\" style=\"width:420px;max-width:100%;margin:5px auto;\"><div class=\"lyMe\" id=\"WYL_v9uOdCNVbFQ\"><div id=\"lyte_v9uOdCNVbFQ\" data-src=\"\/\/i.ytimg.com\/vi\/v9uOdCNVbFQ\/hqdefault.jpg\" class=\"pL\"><div class=\"tC\"><div class=\"tT\"><\/div><\/div><div class=\"play\"><\/div><div class=\"ctrl\"><div class=\"Lctrl\"><\/div><div class=\"Rctrl\"><\/div><\/div><\/div><noscript><a href=\"https:\/\/youtu.be\/v9uOdCNVbFQ\" rel=\"nofollow\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/i.ytimg.com\/vi\/v9uOdCNVbFQ\/0.jpg\" alt=\"\" width=\"420\" height=\"295\" \/><br \/>Watch this video on YouTube<\/a><\/noscript><\/div><\/div><div class=\"lL\" style=\"max-width:100%;width:420px;margin:5px auto;\"><\/div><\/p>\n<p>[\/et_pb_text][et_pb_text _builder_version=&#8221;3.27.4&#8243;]<\/p>\n<p style=\"text-align: justify;\">Let me first clarify the fact that a family limited partnership is nothing more than a limited partnership. The distinguishing feature is the fact that the partners in the partnership tend to be exclusively family members.<\/p>\n<p style=\"text-align: justify;\">The asset protection feature of a limited partnership derives from its charging order protection. Charging order protection limits a creditor to receive only those distributions from the partnership that a partner is entitled to.<\/p>\n<p style=\"text-align: justify;\">That&#8217;s different from the ability to foreclose on the partnership interest and take the interest in its entirety away from the debtor.<\/p>\n<p>[\/et_pb_text][\/et_pb_column][et_pb_column type=&#8221;1_3&#8243; _builder_version=&#8221;3.25&#8243; custom_padding=&#8221;|||&#8221; custom_padding__hover=&#8221;|||&#8221;][et_pb_text _builder_version=&#8221;3.27.4&#8243; header_font=&#8221;||||||||&#8221; header_2_font=&#8221;||||||||&#8221;]<\/p>\n<h2 style=\"border-bottom: 4px solid #ac7f3f; text-align: center;\">Video Library<\/h2>\n<p>[\/et_pb_text][et_pb_button button_url=&#8221;\/asset-protection-law&#8221; button_text=&#8221;Asset Protection Law&#8221; button_alignment=&#8221;center&#8221; _builder_version=&#8221;3.19&#8243; custom_button=&#8221;on&#8221; button_text_size=&#8221;18px&#8221; button_text_color=&#8221;#ffffff&#8221; 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The [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"parent":47741,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","meta":{"_et_pb_use_builder":"on","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"_links":{"self":[{"href":"https:\/\/caseylawgroup.com\/wp-json\/wp\/v2\/pages\/47849"}],"collection":[{"href":"https:\/\/caseylawgroup.com\/wp-json\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/caseylawgroup.com\/wp-json\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/caseylawgroup.com\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/caseylawgroup.com\/wp-json\/wp\/v2\/comments?post=47849"}],"version-history":[{"count":0,"href":"https:\/\/caseylawgroup.com\/wp-json\/wp\/v2\/pages\/47849\/revisions"}],"up":[{"embeddable":true,"href":"https:\/\/caseylawgroup.com\/wp-json\/wp\/v2\/pages\/47741"}],"wp:attachment":[{"href":"https:\/\/caseylawgroup.com\/wp-json\/wp\/v2\/media?parent=47849"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}