Revealing Estate Tax Benefits: A Closer Look at QPRT (Qualified Personal Residence Trust)

5 months ago
6

In this quick tip, learn how this method can enhance your estate planning and preserve your legacy. Samantha Fitzgerald dives into the world of QPRT—Qualified Personal Residence Trust. This strategic estate tax reduction technique involves transferring a second home, investment property, or vacation home into an irrevocable trust for a specified term, allowing you to retain the property's use during this period. By calculating the value of your retained interest, you can minimize the gift tax impact, making QPRT an effective tool to transfer assets without depleting your estate and gift tax exemption.

#estateplanning #assetprotectionplanning #taxstrategy

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