We worked with a family to set up a Qualified Personal Residence Trust (QPRT) for their primary residence and a second home, transferring the property to their children without any estate tax. This removed a combined $1.5 million and any future appreciation from their estate. They remained in the house beyond the term of the trust, paying rent to the children and further reducing the overall value of the estate.
Learn more about our Family Wealth and Estate Planning and Tax Planning and Compliance services.
