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FLE |
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Although not a true doctrinal formation, the FLE is a time-proven, effective organization. In place of Progressive era warnings against venereal disease, FLE combined a bland sex-education curriculum with alluring portraits of the joys of consumption that awaited the happy couple. It is likely that Warren would maximize the combined income and estate tax benefits by retaining low-basis assets in his estate and contributing the higher-basis assets to the FLE Moreover, since the transfer tax benefits will depend on the assets' values and will not be affected by their bases, this decision will not affect potential transfer tax benefits from the partnership. |
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