Piggybacking on my last post about transferring real estate into a living trust, let’s also look at a special type of irrevocable trust, the Qualified Personal Residence Trust or QPRT. QPRTs not only protect your assets in real property by moving them out of your taxable estate, they can also help you reduce your tax burden. Here’s how it works: You, as the owner of a personal residence, transfer the […]
Read More