Document background
The Family Limited Partnership Agreement is a crucial document for families seeking to establish a structured approach to wealth management and succession planning under England and Wales law. It provides a framework for family members to pool assets while maintaining centralized control through a general partner, typically a senior family member or family office. The agreement addresses key aspects including governance, ownership transfer restrictions, and tax efficiency, while complying with the Limited Partnerships Act 1907 and related legislation. This structure is particularly valuable for preserving family wealth across generations while minimizing potential conflicts.
