Dallas Family Partnership Litigation Lawyers

Texas Family Partnership Dispute Attorneys

A family limited partnership (FLP) is a business entity used to manage family property. Generally speaking, FLPs are an estate planning instrument designed to minimize the impact of estate and gift taxes and shelter assets from creditors. In a typical FLP, the older generation puts money or property into the FLP. Some family members are named general partners, which means that they are responsible for managing and preserving the FLP. Other family members are named limited partners. Limited partners have no control over operations of the FLP, but they own important rights. In certain instances, disputes may arise between family members over their role in the organization, the distribution of assets, allegations of self-dealing and other issues.

If your FLP situation has become untenable, it is important to work with a law firm that is able to serve your interests. The Dallas lawyers of Fisher & Welch have extensive experience litigating all types of disputes involving FLPs.

Litigation involving FLPs involves the application of partnership law. Of course, these matters also involve emotional, messy disagreements between siblings or other family members. We understand the explosive dynamics of these relations. We are, however, focused on separating the emotional aspects of the case from the legal aspects while working diligently to accomplish your objectives.

Litigation is expensive. For some parties, litigation may appear to be prohibitively expensive. At Fisher & Welch, we represent many clients for contingent fees. In these arrangements, we will advance the costs of preparing your case, and we will only recover attorneys' fees if we are successful in your case. This approach allows us to shift some of the burden off of you while giving you the benefit of experienced, skilled representation.

Contact the Dallas Family Partnership Litigation Attorneys of Fisher & Welch

Please call 214-661-9400 or e-mail our law firm to schedule a consultation.