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Introduction to Family Limited Partnership

 Introduction to Family Limited Partnership
CPE Credit

Program Type: Recorded Webinar (Audio, PPT Presentation)
Program Level: Overview
Prerequisites: None
Advanced Preparation: None
Delivery Method: Group-Internet-Based
CPE Credits: One (1) Hour
Fields of Study: Specialized Knowledge & Applications
Item Number: 11OBVRW4441
Shipping Weight: 0lbs. 0oz.
Price: $80.00
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Program Description

This webinar will discuss current methodologies and resources for the valuation of both controlling and non-controlling privately held interests in family limited partnerships (FLP) and other similar estate-planning entities. Particular focus will be on the valuation and form of a FLP in a tax engagement and the pitfalls that the valuation analyst must avoid. Included in the webinar is a discussion of discounts and the empirical data used to support them and the elements found in a well-written valuation report.

Learning Objectives

After completing this webinar, attendees will be able to:

- Perform research of empirical data to support discounts found in these valuations
- Understand the various Tax Code sections pertinent to these valuations
- Prepare a well-written valuation report of an FLP (or similar estate planning entity)

Who Should Attend

Valuation analysts of all levels, estate and tax attorneys, tax preparers, and estate planners


Richard Gray, CPA, ABV, CVA, ASA
Mr. Richard Gray has specialized in the fields of business valuation and litigation support services full time for over eighteen years. After a number of years in the health care industry, Mr. Gray decided to enter public accounting and successfully completed the Certified Public Accountant exam in 1988 and began his career as an auditor and consultant with Deloitte & Touche. Mr. Gray is currently licensed as a CPA in both Florida and Maryland. He is a member of the American Institute of Certified Public Accountants (AICPA), the National Association of Certified Valuators and Analysts™ (NACVA®), and the American Society of Appraisers (ASA).

Mr. Gray is a member of both the Florida Institute of Certified Public Accountants, where he is an instructor in their state-wide ethics course, and the Maryland Association of Certified Public Accountants. Mr. Gray has qualified as an expert witness for litigation engagements in Maryland, Florida and northern Virginia. He has made a number of presentations at both the local and national level, and has authored articles in the areas of business valuation and litigation support. He is very active in the NACVA, serving as member and chairperson of the Valuation Credentialing Board and currently the chairperson of the Executive Advisory Board.

In addition to his board duties, Mr. Gray is a member of NACVA's Speakers Bureau, the Examination Grading/Mentoring Team and serves as an instructor for both the Business Valuation Training Center and the Advanced Valuation and Case Study Workshop. Mr. Gray was awarded the "Instructor of the Year" in 2008 and received NACVA's "Circle of Light" award in 2009.