The Partnership Capital Freeze in the Farm and Ranch Context

Authors

Peter C. Wegman, University of Nebraska College of LawFollow

Abstract

I. Introduction … A. Nebraska Agriculture and Farm Values

II. Estate Freezing: Preliminary Considerations … A. Goals and Objectives … B. Corporate Recapitalization

III. Partnership Capital Freeze … A. General Description … B. Partnership Formation … C. The Frozen Interest … 1. Guaranteed Payments—Section 707(c) … 2. Profits Share … 3. Cash Flow Share … 4. Loss Shares … 5. Conversion and Liquidation Rights … D. The Regular/Growth Interests … 1. Family Partnership Rules … 2. Acquisitions Other Than by Gift … E. Valuation … F. Type of Partnership … G. Estate Tax Implications … 1. Private Letter Ruling 7824005 … H. Section 2032A—Special Use Valuation

IV. Conclusion

Recommended Citation

Peter C. Wegman, The Partnership Capital Freeze in the Farm and Ranch Context, 60 Neb. L. Rev. (1981)
Available at: https://digitalcommons.unl.edu/nlr/vol60/iss4/6