Attended Legal Seminar - ? About 2 Structures...

Hi, I just went to a short legal seminar where an attorney suggested the following structures and I was wondering if anyone had any comments or used any of these. Charitable Remainder. Trust (CRT)- for income generating assets. Avoids all taxes on capital gains. --I had never heard of this one and am curious if it really avoids all capital gains as he indicated?-- Family Limited Partnership (FLP)- He recommended over an LLC because the FLP has been around forever and has more legal precedent. Thanks[ Edited by viking777 on Date 03/20/2004 ]