With a Personal Residence Trust attorney in Denver, you can save a lot in estate taxes and accomplish two goals with one plan. There are specific rules to follow but they are clear and if you are in the position to place your home in a Qualified Personal Residence Trust, then the benefits are substantial.
Personal Residence Trust Attorney Denver
A major reduction in estate taxes by way of a gift will benefit everyone in your family. Using a QPRT, you can choose how long it will last. You will agree to transfer the property to the beneficiaries after a period of time that you choose. Making your home a gift reduces the amount of taxes placed on the transfer. Using a Qualified Personal Residence Trust attorney to help with this process will ensure that it is carried out correctly in Denver.
With the help of the experienced attorneys at Meurer Law Offices, you can get a lot more that you would normally. A QPRT is a great tool if used correctly in Denver. Learn more about these and many other estate planning tools on our website or contact us to schedule a free consultation. This may be the best move you can make regarding your estate in Denver.