What might I gain by having a Qualified Personal Residence Trust?

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Estate law Meurer Law Offices Denver CO

What might I gain by having a Qualified Personal Residence Trust?

What might I gain by having a Qualified Personal Residence Trust is one of the main questions our team members are asked. Here are three key benefits…

  1. For just a fraction of its value, both the current and future value of a property – either primary or secondary – is removed from your taxable estate
  2. During its term, the homeowner or grantor can both live rent-free and also use this residence for tax deduction actions
  3. It locks in the property’s current value and therefore offers key protection against lifetime gift or estate tax exemption changes

To discover more about how it becomes more beneficial for heirs to hold onto such a property – and more – contact a Meurer Law Offices estate planning attorney now…

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